Notes to SEFA
Title: SUBRECIPIENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement.
Matching costs (the District’s share of certain program costs) are not included in the reported expenditures.
Pass-through numbers are presented where available.
The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the District’s financial reporting system.
Non-monetary assistance is reported in the schedule at the fair market value of commodities received, which is provided by New York State under the National School Lunch Program.
De Minimis Rate Used: N
Rate Explanation: The Bellmore Union Free School District did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
No amounts were provided to subrecipients.
Title: OTHER DISCLOSURES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement.
Matching costs (the District’s share of certain program costs) are not included in the reported expenditures.
Pass-through numbers are presented where available.
The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the District’s financial reporting system.
Non-monetary assistance is reported in the schedule at the fair market value of commodities received, which is provided by New York State under the National School Lunch Program.
De Minimis Rate Used: N
Rate Explanation: The Bellmore Union Free School District did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds has only a nominal value, and is covered by the District’s casualty insurance policies.
There were no loans or loan guarantees outstanding at year end.
Title: RESTATED SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (DUE TO CORRECTION OF AN ERROR)
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement.
Matching costs (the District’s share of certain program costs) are not included in the reported expenditures.
Pass-through numbers are presented where available.
The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the District’s financial reporting system.
Non-monetary assistance is reported in the schedule at the fair market value of commodities received, which is provided by New York State under the National School Lunch Program.
De Minimis Rate Used: N
Rate Explanation: The Bellmore Union Free School District did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Subsequent to the issuance of the District’s Federal Single Audit report dated February 25, 2023, the District discovered that expenditures of funds from the Block Grants for Prevention and Treatment of Substance Abuse, ALN 93.959, totaling $13,000, were mistakenly excluded from the SEFA, as the related revenues were reported as local source funds rather than as funds from federal grants. The District revised and reissued the SEFA previously reported to reflect correction of this error. The restatement did not result in the performance of any additional audit procedures and the opinions in the independent auditor’s report were not modified for this change.