Title: Purpose of Schedule and Reporting Entity
Accounting Policies: The Schedule is presented in accordance with the Uniform Guidance, which defines federal awards as "…assistance that non-federal entities receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative grants, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursement for services rendered to individuals." Accordingly, the Schedule includes nonmonetary as well as monetary assistance.
De Minimis Rate Used: Y
Rate Explanation: The College has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
the accompanying Schedule of Expenditures of Federal Awards has been prepared to comply with the Uniform Guidance. This circular requires a Schedule of Expenditures of Federal Awards showing total expenditures for each federal financial assistance program as identified on the Assistance Listing and identification of programs that have not been assigned an Assistance Listing Number as "Other Federal Assistance." The Schedule includes all expenditures of federal awards administered by the College.
Title: Basis of Presentation
Accounting Policies: The Schedule is presented in accordance with the Uniform Guidance, which defines federal awards as "…assistance that non-federal entities receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative grants, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursement for services rendered to individuals." Accordingly, the Schedule includes nonmonetary as well as monetary assistance.
De Minimis Rate Used: Y
Rate Explanation: The College has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Schedule is presented in accordance with the Uniform Guidance, which defines federal awards as "…assistance that non-federal entities receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative grants, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursement for services rendered to individuals." Accordingly, the Schedule includes nonmonetary as well as monetary assistance.
Title: Basis of Accounting
Accounting Policies: The Schedule is presented in accordance with the Uniform Guidance, which defines federal awards as "…assistance that non-federal entities receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative grants, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursement for services rendered to individuals." Accordingly, the Schedule includes nonmonetary as well as monetary assistance.
De Minimis Rate Used: Y
Rate Explanation: The College has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Except as noted below, the Schedule is presented on the accrual basis of accounting, which recognizes revenues when earned and expenses when an obligation has been incurred.
Title: Federal Assurances
Accounting Policies: The Schedule is presented in accordance with the Uniform Guidance, which defines federal awards as "…assistance that non-federal entities receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative grants, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursement for services rendered to individuals." Accordingly, the Schedule includes nonmonetary as well as monetary assistance.
De Minimis Rate Used: Y
Rate Explanation: The College has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Community College District of Jefferson County, Missouri did not have federal insurance in effect during the year or have federal loans or loan guarantees outstanding at year end which are required to be reported in accordance with the Uniform Guidance.
Title: Indirect Cost Rate
Accounting Policies: The Schedule is presented in accordance with the Uniform Guidance, which defines federal awards as "…assistance that non-federal entities receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative grants, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursement for services rendered to individuals." Accordingly, the Schedule includes nonmonetary as well as monetary assistance.
De Minimis Rate Used: Y
Rate Explanation: The College has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The College has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Subrecipients
Accounting Policies: The Schedule is presented in accordance with the Uniform Guidance, which defines federal awards as "…assistance that non-federal entities receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative grants, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursement for services rendered to individuals." Accordingly, the Schedule includes nonmonetary as well as monetary assistance.
De Minimis Rate Used: Y
Rate Explanation: The College has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The College had no subrecipients for federal awards for the year ending June 30, 2023.