Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards for the U.S. Department of Agriculture Child Nutrition Cluster Programs presents the activity of all federal awards received directly from federal agencies as well as awards passed through other governmental agencies. Because the schedule presents only a selected portion of the Schools operations, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the School. Basis of Accounting - The financial statement has been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. Expenditures are recognized following the cost principles contained in Uniform Guidance in 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited to reimbursement. Indirect Cost Rates - The School has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.