Notes to SEFA
Title: OTHER INFORMATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Homer
Community Consolidated School District 33C (District) for the year ended June 30, 2023 and is presented
on the modified 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 basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis cost rate.
Insurance coverage in effect paid with federal funds during the fiscal year amounted to zero.
Loans/loan guarantees outstanding at June 30, 2023 amounted to zero.
The District had one federal grant requiring matching expenditures during the year ended June 30, 2023.