Notes to SEFA
Title: NONCASH AWARDS
Accounting Policies: The information presented in the Schedule of Expenditures of Federal Awards is presented on a basis consistent with the Unit’s general-purpose financial statements. The grants included are all accounted for on a modified accrual basis of accounting which is described in the notes to the general-purpose financial statements.
De Minimis Rate Used: Y
Rate Explanation: Elected to use
The amount of $71,877, reported on the schedule is the value of commodities received by the Unit during the current year and priced as prescribed by USDA and is included in the National School Lunch Program total.
Title: CHILD NUTRITION CLUSTER
Accounting Policies: The information presented in the Schedule of Expenditures of Federal Awards is presented on a basis consistent with the Unit’s general-purpose financial statements. The grants included are all accounted for on a modified accrual basis of accounting which is described in the notes to the general-purpose financial statements.
De Minimis Rate Used: Y
Rate Explanation: Elected to use
The Unit commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the Unit assumes it expends federal monies first.
Title: GRANT TRANSFERS
Accounting Policies: The information presented in the Schedule of Expenditures of Federal Awards is presented on a basis consistent with the Unit’s general-purpose financial statements. The grants included are all accounted for on a modified accrual basis of accounting which is described in the notes to the general-purpose financial statements.
De Minimis Rate Used: Y
Rate Explanation: Elected to use
As described in the U.S. Department of Education Cross-Cutting Section, sections III.A.3, Activities Allowed or Unallowed – Transferability (SEAs and LEAs) and IV.3. Other Information – Transferability of the 2022 OMB Compliance Supplement, expenditures of funds should be included in the audit universe and total expenditures of the receiving program. For fiscal year 2022, the District transferred Title IV, Part A (AL 84.424) expenditures AND Title II, Part A (AL 84.367) expenditures to its Title I, Part A (AL 84.010) program as submitted to the State of Maine Department of Education in its consolidated application and as denoted on the Schedule of Expenditures of Federal Awards. As such, Title IV, Part A (AL 84.424) expenditures and Title II, Part A (AL 84.367) expenditures were included as part of Title I, Part A (AL 84.010).