Notes to SEFA
Title: Note 3:
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Olympia Community Unit School District No. 16 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 Requirements 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, Olympia Community Unit School District No. 16 provided no federal awards to subrecipients.
Title: Note 4:
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Olympia Community Unit School District No. 16 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 Requirements 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 Olympia Community Unit School District No. 16 and should be included in the Schedule of Expenditures of Federal Awards: Noncash Commodities, $43,888; Department of Defense Fruits and Vegetables, $36,434.
Title: Note 5:
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Olympia Community Unit School District No. 16 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 Requirements 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.
No insurance coverage in effect for the District was paid with Federal funds during the year. There were no loan/loan guarantees outstanding at June 30, 2022. The District had no federal grants requiring matching grants.