Notes to SEFA
Title: NOTE 3: SUBRECIPIENTS
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF HALL HIGH SCHOOL DISTRICT NO 502 AND IS PRESENTED ON THE CASH BASIS OF ACCOUNTING. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF THE OFFICE OF MANAGEMENT AND BUDGET UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIEMENTS FOR FEDERAL AWARDS. THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE BASIC FINANCIAL STATEMENTS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
OF THE FEDERAL EXPENDITURES PRESENTED IN THE SCHEDULE, HALL HIGH SCHOOL DISTRCIT NO. 502 PROVIDED FEDERAL AWARDS TO SUBRECIPIENTS AS FOLLOWS: SAINT BEDE ACADEMY/TITLE I 84.010, $2,820; SAINT BEDE ACADEMY/TITLE IV STUDENT SUPPORT & ACADEMIC ENTRICHMENT 84.424A, $1,540; SAINT BEDE ACADEMY/IDEA FLOW-THROUGH 84.027A, $6,032; SAINT BEFE ACADEMY/ TITLE II 84.367A, $4,403
Title: NOTE 4: NON-CASH ASSISTANCE
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF HALL HIGH SCHOOL DISTRICT NO 502 AND IS PRESENTED ON THE CASH BASIS OF ACCOUNTING. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF THE OFFICE OF MANAGEMENT AND BUDGET UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIEMENTS FOR FEDERAL AWARDS. THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE BASIC FINANCIAL STATEMENTS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
THE FOLLOWING AMOUNTS WERE EXPENDED IN THE FORM OF NON-CASH ASSISTANCE BY HALL HIGH SCHOOL DISTRICT NO. 502 AND SHOULD BE INCLUDED IN THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS: NON-CASH COMMODITIES CFDA 10.555 $14,875; OTHER NON-CASH ASSISTANCE - DEPT OF DEFENSE FRUITS & VEGETABLES $7,591; TOTAL NON-CASH $22,466
Title: NOTE 5: OTHER INFORMATION
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF HALL HIGH SCHOOL DISTRICT NO 502 AND IS PRESENTED ON THE CASH BASIS OF ACCOUNTING. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF THE OFFICE OF MANAGEMENT AND BUDGET UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIEMENTS FOR FEDERAL AWARDS. THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE BASIC FINANCIAL STATEMENTS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
INSURANCE COVERAGE IN EFFECT PAID WITH FEDERAL FUNDS DURING THE FISCAL YEAR: NONE