Notes to SEFA
Title: OTHER DISCLOSURES
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF MANTENO COMMMUNITY UNIT SCHOOL DISTRICT NO. 5 AND IS PRESENTED ON THE CASH BASIS OF ACCOUNTING. 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). THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF, THE BASIS FINANCIAL STATEMENTS.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
SUBRECIPIENTS - NONE. AMOUNT OF FEDERAL INSURANCE IN EFFECT DURING THE YEAR - NONE. LOAN/LOAN GUARANTEES OUTSTANDING AT YEAR-END - $0. THE FOLLOWING WERE EXPENDED IN THE FORM OF NON-CASH ASSISTANCE AND ARE INCLUDED IN THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS: NON-CASH COMMODITIES (CFDA 10.555) $64,163.