Notes to SEFA
Accounting Policies: 1. Summary of Significant Accounting PoliciesBasis of PresentationThe accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs administeredby Royalton-Hartland Central School District (the District), an entity as defined in Note 1 to the Districts basic financialstatements. Federal awards received directly from federal agencies, as well as federal awards passed through from othergovernmental agencies, are included on the Schedule of Expenditures of Federal Awards.Basis of AccountingThe District uses the modified accrual basis of accounting for each federal program, consistent with the fund basis financialstatements.The amounts reported as federal expenditures generally were obtained from the appropriate federal financial reports for theapplicable programs and periods. The amounts reported in these federal financial reports are prepared from records maintainedfor each program, which are periodically reconciled with the Districts financial reporting system.Indirect CostsThe District typically does not allocate indirect costs to federal programs and as such the 10% de minimis indirect cost ratepermitted by the Uniform Guidance is not applicable.Non-Monetary Federal ProgramThe District is the recipient of a federal award program that does not result in cash receipts or disbursements, termed a nonmonetaryprogram. During the year ended June 30, 2022, the District used $43,910 worth of commodities under the NationalSchool Lunch Program (Assistance Listing Number 10.555).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.