Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles generallyaccepted in the United States and the amounts presented are derived from the Districts general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal activity of Bronxville Union Free School District (the District) under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position or the respective changes in financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the District.
Title: PASS-THROUGH PROGRAMS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles generallyaccepted in the United States and the amounts presented are derived from the Districts general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Where the District receives funds from a government entity other than the federal government (pass-through), the funds are accumulated based upon the Assistance Listing Number advised by the pass-through grantor.
Title: INDIRECT COSTS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles generallyaccepted in the United States and the amounts presented are derived from the Districts general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source document for the data presented. The District did not elect to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance.
Title: MATCHING COSTS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles generallyaccepted in the United States and the amounts presented are derived from the Districts general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Matching costs, i.e. the District share of certain program costs, are not included in the reported expenditures.