Notes to SEFA
Title: Note 3 - Schoolwide Programs
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Districts financial statements. The Vashon Island School District #402 uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Vashon Island School District #402 has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Vashon Island School District #402 used the federal restricted rate of 4.11% or less and the federal unrestricted rate of 21.71% (84.425).
The Vashon Island School District #402 operates a schoolwide program in one elementary building. Using federal funding, schoolwide programs are designed to upgrade an entire educational program within a school for all students, rather than limit services to certain targeted students. The following federal program amounts were expended by the Vashon Island School District #402 in its schoolwide program: Title I (84.010) $141,856.
Title: Note 4 Transferability
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Districts financial statements. The Vashon Island School District #402 uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Vashon Island School District #402 has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Vashon Island School District #402 used the federal restricted rate of 4.11% or less and the federal unrestricted rate of 21.71% (84.425).
As allowed by federal regulations, the Vashon Island School District #402 elected to transfer program funds. The district expended $10,722.00 from its Title IV, Part A Student Support and Academic Enrichment (84.424A) on allowable activities of the Title I, Grants to Local Educational Agencies (84.010). This amount is reflected in the expenditures of Title II, Part A Supporting Effective Instruction State Grants (84.367).