Title: NOTE A – BASIS OF PRESENTATION
Accounting Policies: District established review process to ensure SEFA information is accurate
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Rocky River City School District (the District’s) under programs of the federal government for the year ended June 30, 2023. The information on this Schedule is prepared 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, changes in net position, or cash flows of the District.
Title: NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: District established review process to ensure SEFA information is accurate
De Minimis Rate Used: N
Rate Explanation: N/A
Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
Title: NOTE C – INDIRECT COST RATE
Accounting Policies: District established review process to ensure SEFA information is accurate
De Minimis Rate Used: N
Rate Explanation: N/A
The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE D - CHILD NUTRITION CLUSTER
Accounting Policies: District established review process to ensure SEFA information is accurate
De Minimis Rate Used: N
Rate Explanation: N/A
The District commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the District assumes it expends federal monies first.
Title: NOTE E – FOOD DONATION PROGRAM
Accounting Policies: District established review process to ensure SEFA information is accurate
De Minimis Rate Used: N
Rate Explanation: N/A
The District reports commodities consumed on the Schedule at the fair value. The District allocated donated food commodities to the respective program that benefitted from the use of those donated food commodities.
Title: NOTE F - MATCHING REQUIREMENTS
Accounting Policies: District established review process to ensure SEFA information is accurate
De Minimis Rate Used: N
Rate Explanation: N/A
Certain Federal programs require the District to contribute non-Federal funds matching funds to support the Federally funded programs. The District has met its matching requirements. The Schedule does not include the expenditure of non-Federal matching funds.
Title: NOTE G - TRANSFERS BETWEEN PROGRAM YEARS
Accounting Policies: District established review process to ensure SEFA information is accurate
De Minimis Rate Used: N
Rate Explanation: N/A
Federal regulations require schools to obligate certain federal awards by June 30. However, with ODE’s consent, schools can transfer unobligated amounts to the subsequent fiscal year’s program. The District transferred the following amounts from 2023 to 2024 programs: Title I Grants to Local Educational Agencies 84.010 $ 856
Special Education Grants to States (IDEA, Part B) 84.027 $ 10,945
Title II Part A, Supporting Effective Instruction State Grants 84.367 $ 11,188
Student Support and Academic Enrichment Program 84.424 $ 1,585
English Language Acquisition State Grants 84.365 $ 1,961