Notes to SEFA
Title: Food Donation
Accounting Policies: Summary of Significant Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. No federal financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Nonmonetary assistance is reported in this schedule at the fair market value of the commodities received and disbursed. At June 30, 2022, the District did not report any commodities as inventory.
Title: SEFA Reconciliation
Accounting Policies: Summary of Significant Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. No federal financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following provides reconciliation between revenues reported on the Statement of Revenues, Expenditures,and Changes in Fund Balances and the related expenditures reported on the Schedule of Expenditures of FederalAwards. The reconciling amounts consist of Child Development Coronavirus Response and Relief SupplementalAppropriations Act One-time Stipend funds that in the previous period were recorded as revenues but wereunspent. These unspent balances have been expended in the current period. In addition, Child DevelopmentAmerican Rescue Plan California State Preschool Program One-time Stipend funds and SNP COVID 19 EmergencyOperational Costs Reimbursement funds have been recorded in the current period as revenues that have notbeen expended as of June 30, 2022. These unspent balances are reported as legally restricted ending balanceswithin the Child Development and Cafeteria Funds.