Notes to SEFA
Title: Note 3: Subrecipeints
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of DuQuoin CUSD #300 and is presented on Regulatory (cash) basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Manangement and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirments 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, DuQuoin CUSD #300 provided no 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 DuQuoin CUSD #300 and is presented on Regulatory (cash) basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Manangement and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirments 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 DuQuoin CUSD #300 and should be included in the Schedule of Expenditures of Federal Awards: Non-Cash Commodities (CFDA 10.555) $43,457, Other Non-Cash Assistance - Dept of Defense Fruits and Vegetables - $30,467 Total Non-Cash $73,924.
Title: Note 5: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of DuQuoin CUSD #300 and is presented on Regulatory (cash) basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Manangement and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirments 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 coverge in effect paid with federal funds during the fiscal year: Property $0, Auto $0, General Liability $0, Workers Compensation $0, Loans/Loan Guarantees Outstanding ath June 30: $0. District had no Federal Grants requiring matching expenditures.