Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures in the schedule are reported on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: South Carroll County Special School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal award activity of South Carroll Special School District under programs of the federal government for the year ended June 30, 2022. 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). Because the schedule presents only a selected portion of the operations of the District, it is not intended to, and does not, present the financial position or changes in the financial position of South Carroll Special School District.
Title: Food Distribution
Accounting Policies: Expenditures in the schedule are reported on the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: South Carroll County Special School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed.