Notes to SEFA
Title: Note 3: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Triad CUSD #2 and is presented on the modified cash basis of accounting. The information in this presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Triad CUSD #2 did not provide any federal awards to subrecipients.
Title: Note 4: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Triad CUSD #2 and is presented on the modified cash basis of accounting. The information in this presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The following amounts were expended in the form of non-cash assistance by Triad CUSD #2 and should be included in the Schedule of Expenditures of Federal Awards: Non-Cash Commodities (CFDA 10.555) $104,226 Other Non-Cash Assistance-Dept. of Defense Fruits & Vegetables $0 Total Non-Cash $104,226.
Title: Note 5: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Triad CUSD #2 and is presented on the modified cash basis of accounting. The information in this presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Insurance coverage in effect paid with Federal funds during the fiscal year. Property $0 Auto $0 General Liability $0 Workers Compensation $0 Loans/Loan Guarantees Outstanding at June 30: $0 District had Federal grants requiring match expenditures.