Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE AREREPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE.
De Minimis Rate Used: N
Rate Explanation: THE 10% DE MINIMIS COST RATE WAS NOT USED
BASIS OF PRESENTATION OF THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE AREREPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE.
De Minimis Rate Used: N
Rate Explanation: THE 10% DE MINIMIS COST RATE WAS NOT USED
EXPLAINS THE ACCOUNTING BASIS TO BE ACCRUAL
Title: NON-MONETARY ASSISTANCE
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE AREREPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE.
De Minimis Rate Used: N
Rate Explanation: THE 10% DE MINIMIS COST RATE WAS NOT USED
EXPLAINS THE MONETARY VALUE OF THE USDA COMMODITIES RECEIVED
Title: INDIRECT COSTS
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE AREREPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE.
De Minimis Rate Used: N
Rate Explanation: THE 10% DE MINIMIS COST RATE WAS NOT USED
THE SCHOOL DISTRICT ELECTED NOT TO USE THE DE MINIMIS INDIRECT COST RATE
Title: SUBRECIPIENTS
Accounting Policies: EXPENDITURES REPORTED ON THE SCHEDULE AREREPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITURES ARE RECOGNIZED FOLLOWING COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE.
De Minimis Rate Used: N
Rate Explanation: THE 10% DE MINIMIS COST RATE WAS NOT USED
EXPLAINS THAT THE SCHOOL DISTRICT DID NOT HAVE ANY MONIES PASSED THROUGH TO A SUBRECIPRIENT