Notes to SEFA
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Downers Grove Grade School District No.
58 and is presented on the Modified Accrual Basis of Accounting. The information in this schedule is presented in accordance with the
requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the
Basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate.
Of the federal expenditures presented in the schedule,Downers Grove Grade School District No.58 provided federal awards to subrecipients as follows: None
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Downers Grove Grade School District No.
58 and is presented on the Modified Accrual Basis of Accounting. The information in this schedule is presented in accordance with the
requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the
Basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate.
The following amounts were expended in the form of non-cash assistance by Downers Grove Grade School District No. 58 and should be included in the Schedule of Expenditures of Federal Awards: NON-CASH COMMODITIES (CFDA 10.555)**: $13,030
OTHER NON-CASH ASSISTANCE - DEPT. OF DEFENSE FRUITS & VEGETABLES $8,564
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Downers Grove Grade School District No.
58 and is presented on the Modified Accrual Basis of Accounting. The information in this schedule is presented in accordance with the
requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the
Basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimus cost rate.
Insurance coverage in effect paid with Federal funds during the fiscal year:
Property No
Auto No
General Liability No
Workers Compensation No
Loans/Loan Guarantees Outstanding at June 30: No
District had Federal grants requiring matching expenditures No