Notes to SEFA
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Mundelein Cons HSD 120 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, Mundelein Cons HSD 120 provided federal awards to subrecipients as follows: Title II - Teacher Quality/Carmel High School 84.367 12,250, (M) IDEA - Room and Board/Carmel High School 84.027- 25,067, Title IVA - Student Support & Academic Enrichment/Carmel High School 84.424 3,989
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Mundelein Cons HSD 120 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 Mundelein Cons HSD 120 and should be included in the Schedule of Expenditures of Federal Awards: NON-CASH COMMODITIES (CFDA 10.555)**: $0
OTHER NON-CASH ASSISTANCE - DEPT. OF DEFENSE FRUITS & VEGETABLES $0
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Mundelein Cons HSD 120 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: $0
Property $0
Auto $0
General Liability $0
Workers Compensation $0
Loans/Loan Guarantees Outstanding at June 30: $0
District had Federal grants requiring matching expenditures No