Notes to SEFA
Title: Noncash Awards
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis
of accounting. Such expenditures are recognized following the cost
principles contained in the Uniform Guidance and/or OMB Circular A-87,
Cost Principles for State, Local and Indian Tribal Governments, wherein
certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The U.S. Department of Education (USED) has delegated to the State of
Vermont Agency of Education the authority to issue indirect cost rates to
all Local Education Agencies (LEAs) based on a plan approved by the
USED. Therefore, the Windham Southeast Supervisory Union does not
use the 10% de minimus indirect cost rate as allowed under the Uniform
Guidance.
The Windham Southeast Supervisory Union reports U.S. Department of
Agriculture (USDA) Foods consumed on the Schedule at the fair value [or entitlement
value]. The State of Vermont allocated USDA Foods to the respective program(s) that
benefitted from the use of those USDA Foods.
Title: Expenditures to Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis
of accounting. Such expenditures are recognized following the cost
principles contained in the Uniform Guidance and/or OMB Circular A-87,
Cost Principles for State, Local and Indian Tribal Governments, wherein
certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: The U.S. Department of Education (USED) has delegated to the State of
Vermont Agency of Education the authority to issue indirect cost rates to
all Local Education Agencies (LEAs) based on a plan approved by the
USED. Therefore, the Windham Southeast Supervisory Union does not
use the 10% de minimus indirect cost rate as allowed under the Uniform
Guidance.
See the Notes to the SEFA for chart/table.