Notes to SEFA
Title: Federal Indirect Cost Rate
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Marysville School District's financial statements. The Marysville School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amount expended includes $1,423,148.12 claimed as an indirect cost recovery using an approved indirect cost rate of 3.81 percent & 4.53 percent (Restricted Rate) or 11.30 percent (Unrestricted Rate).
Title: Program Costs/Matching Contributions
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Marysville School District's financial statements. The Marysville School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the Marysville School District's local matching share, may be more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Noncash Awards
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Marysville School District's financial statements. The Marysville School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amount of commodities and food supplement reported on the schedule is the value of commodities and food supplement distributed by the Marysville School District during the current year and priced as prescribed by USDA.
Title: Schoolwide Programs
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Marysville School District's financial statements. The Marysville School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Marysville School District operates a "schoolwide program" in two elementary buildings; one middle school building; one high school building. Using federal funding, schoolwide programs are designed to upgrade an entire educational program within a school for all students, rather than limit services to certain targeted students. The following federal program amounts were expended by the Marysville School District in its schoolwide program: Title I (84.010) $ 1,887,066.24; Migrant Education (84.011) $ 113,115.35.