Notes to SEFA
Title: Note 3 - Food Distribution
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Ritchie County Board of Education and is presented on a basis of accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Ritchie County Board of Education did not elect to use the 10% de minims indirect cost rate for its federal programs.
The Ritchie County Board of Educations non-cash assistance received from the U.S. Department of Agriculture Donated Foods Program of $31,528 is included in the Schedule of Expenditures of Federal Awards based upon the fair market value of the commodities at the time of receipt and reflects the amount distributed for the year ended June 30, 2022.
Title: Note 4 - Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Ritchie County Board of Education and is presented on a basis of accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Ritchie County Board of Education did not elect to use the 10% de minims indirect cost rate for its federal programs.
The Ritchie County Board of Education did not pass through any federal funds to subrecipients during the year ended June 30, 2022.