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 principlescontained in the Uniform Guidance and/or OMB Circular A-87, CostPrinciples for State, Local and Indian Tribal Governments, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Windham Northeast Supervisory Union reports U.S. Department of Agriculture(USDA) Foods consumed on the Schedule at the fair value [or entitlement value]. TheState of Vermont allocated USDA Foods to the respective program(s) that benefitted fromthe use of those USDA Foods.