Notes to SEFA
Title: DONATED PERSONAL PROTECTIVE EQUIPMENT (PPE) (UNAUDITED)
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the
federal award activity of the Concord School District (the District) under programs of the
federal government for the year ended June 30, 2023. The information in the Schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations
(CFR) 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 or changes in net position of the District.
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 are limited to
reimbursement.
The amounts reported for the National School Lunch Program – Non-Cash Assistance
represent the fair value of commodities received.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10‐percent de minimis indirect cost rate as allowed under the
Uniform Guidance. Per EDGAR 34 CFR secs. 75.561 and 76.561, the District receives its
indirect cost rate from the State Education Agency and is ineligible for the de minimus rate.
During fiscal year 2023, the District received no donated PPE from federal sources.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the
federal award activity of the Concord School District (the District) under programs of the
federal government for the year ended June 30, 2023. The information in the Schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations
(CFR) 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 or changes in net position of the District.
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 are limited to
reimbursement.
The amounts reported for the National School Lunch Program – Non-Cash Assistance
represent the fair value of commodities received.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10‐percent de minimis indirect cost rate as allowed under the
Uniform Guidance. Per EDGAR 34 CFR secs. 75.561 and 76.561, the District receives its
indirect cost rate from the State Education Agency and is ineligible for the de minimus rate.
Of the federal expenditures presented in the Schedule, the District did not provide federal
awards to subrecipients.