Notes to SEFA
Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIESBasis of PresentationThe accompanying Schedule of Expenditures of federal Awards includes all federal awards administered by the CanastotaCentral School District. The School Districts organization is defined in Note 1 to the School Districts basic financialstatements.Basis of AccountingThe expenditures in the accompanying schedule are presented on an accrual basis of accounting. The information in thisschedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore,some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financialstatements.De Minimis Indirect Cost RateThe District has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.Food DonationNonmonetary assistance is reported in the schedule at fair market value of the food commodities received. At June 30, 2022, theSchool District had food commodities totaling $22,122 in inventory.Cluster ProgramsThe following programs are identified by OMB Compliance Supplement to be part of a cluster of programs:U.S. Department of AgricultureNutrition ClusterALN #10.553 School Breakfast ProgramALN #10.555 National School Lunch ProgramALN #10.559 Summer Food Service ProgramU.S. Department of EducationSpecial Education ClusterALN #84.027 Special Education - Grants to States (IDEA, Part B)ALN #84.173 Special Education - Preschool Grants (IDEA Preschool)
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.