Notes to SEFA
Title: NOTE 5: OTHER INFORMATION
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF PRINCETON TOWNSHIP HIGH SCHOOL AND IS PRESENTED ON THE CASH BASIS OF ACCOUNTING. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS FOR FEDERAL AWARDS. THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE BASIC FINANCIAL STATEMENTS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
THERE WAS NO INSURANCE COVERAGE IN EFFECT PAID WITH FEDERAL FUNDS DURING THE FISCAL YEAR.
Title: NOTE 3: SUBRECIPIENTS
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF PRINCETON TOWNSHIP HIGH SCHOOL AND IS PRESENTED ON THE CASH BASIS OF ACCOUNTING. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS FOR FEDERAL AWARDS. THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE BASIC FINANCIAL STATEMENTS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
OF THE FEDERAL EXPENDITURES PRESENTED IN THE SCHEDULE, PRINCETON TOWNSHIP HIGH SCHOOL PROVIDED NO FEDERAL AWARDS TO SUBRECIPIENTS.
Title: NOTE 4: NON-CASH ASSISTANCE
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF PRINCETON TOWNSHIP HIGH SCHOOL AND IS PRESENTED ON THE CASH BASIS OF ACCOUNTING. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS FOR FEDERAL AWARDS. THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE BASIC FINANCIAL STATEMENTS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
THE FOLLOWING AMOUNTS WERE EXPENDED IN THE FORM OF NON-CASH ASSISTANCE BY PRINCETON TOWNSHIP HIGH SCHOOL AND SHOULD BE INCLUDED IN THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS: NON-CASH COMMOTIIES (CFDA 10.555)- 8,545; OTHER NON-CASH ASSISTANC E- DEPT OF DEFENSE FRUITS & VEGETABLES - 2,630; TOTAL NON-CASH 11,175