Notes to SEFA
Title: Note A: Scope of this Schedule
Accounting Policies: The district uses the modified accrual basis of accouting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The schedule of expenditures of federal awards reflects the federal expenditures for all individual grants which were active during the fiscal year.
Title: Note B: Basis of Accounting
Accounting Policies: The district uses the modified accrual basis of accouting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District uses the modified accrual method of recording transactions except as noted for the accounting of donated commodities in Note C. Revenues are recorded when measurable and available. Expenditures are recorded when incurred.
Title: Note C: Nonmonetary Federal Awards - Donated Food
Accounting Policies: The district uses the modified accrual basis of accouting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Commonwealth of Pennsylvania distributes federal surplus food to institutions (schools, hospitals and prisons) and to the needy. Expenditures reported in the schedule of expenditures of federal awards under Federal AL Number #10.555 Value of U.S.D.A. Donated Commodities represent surplus food consumed by the District during the 2023 fiscal year.
Title: Note D: Indirect Cost Rates
Accounting Policies: The district uses the modified accrual basis of accouting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The School District has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.