Notes to SEFA
Title: Note A - Organization and Scope
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
All federal programs as listed in the schedule of expenditures of federal and certain state awards are accounted for by the School District in the General Fund except for the U.S. Department of Agriculture programs which are accounted for in the School District’s Food Service Fund.
Title: Note B - Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal and certain state awards includes the federal grant activity of the School District of Upper Moreland Township and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of, the basic financial statements.
Title: Note C - Donated Foods
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Donated foods were valued according to cost estimates provided by the U.S. Department of Agriculture.
Title: Note D - Indirect Cost Rates
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting.
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.