Notes to SEFA
Title: NONCASH AWARDS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principles containedin the Uniform Guidance and/or OMB Circular A-87, Cost Principles for State, Localand Indian Tribal Governments, wherein certain types of expenditures are notallowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The U.S. Department of Education (USED) has delegated to the State of VermontAgency of Education the authority to issue indirect cost rates to all Local EducationAgencies (LEAs) based on a plan approved by the USED. Therefore, the Two RiversSupervisory Union does not use the 10% de minimus indirect cost rate as allowedunder the Uniform Guidance.
The Two Rivers Supervisory Union reports U.S. Department of Agriculture (USDA)Foods consumed on the Schedule at the fair value [or entitlement value]. The State ofVermont allocated USDA Foods to the respective program(s) that benefitted from the use ofthose USDA Foods.
Title: Expenditures to Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principles containedin the Uniform Guidance and/or OMB Circular A-87, Cost Principles for State, Localand Indian Tribal Governments, wherein certain types of expenditures are notallowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The U.S. Department of Education (USED) has delegated to the State of VermontAgency of Education the authority to issue indirect cost rates to all Local EducationAgencies (LEAs) based on a plan approved by the USED. Therefore, the Two RiversSupervisory Union does not use the 10% de minimus indirect cost rate as allowedunder the Uniform Guidance.
AL Number - Green Mountain Unified School District - Ludlow-Mt Holly Unified Union School Districts - TotalNational School Lunch Program 10.555 36,644 14,298 50,942Summer Food Service Program for Children 10.559 $ 376,049 $ 122,161 $ 498,210Fresh Fruit and Vegetable Program 10.582 20,702 11,385 32,087Gaining Early Awareness and Readiness forUndergraduate Programs 84.334 3,488 - 3,488Education Stabilization Fund 84.425D 280,466 137,574 418,040$ 717,349 $ 285,418 $ 1,002,767