Notes to SEFA
Title: 1
Accounting Policies: Union School District is the reporting entitynfor financial reporting as defined in Note 1 to the School District's financial statements. The accompanying scheduleof expenditures of federal awards has been prepared on the basis of accounting practices prescribed or permitted by the Manual of Accounting and Related Financial procedures for Pennsylvania School Systems, issued by the Pennsylvania Department of Education. These practices, as they apply to teh School District, are in conformity with U.S. generally accepted accounting principles.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10% de minimus indirect cost rate.
Note 1 – Reporting Entity
Title: 2
Accounting Policies: Union School District is the reporting entitynfor financial reporting as defined in Note 1 to the School District's financial statements. The accompanying scheduleof expenditures of federal awards has been prepared on the basis of accounting practices prescribed or permitted by the Manual of Accounting and Related Financial procedures for Pennsylvania School Systems, issued by the Pennsylvania Department of Education. These practices, as they apply to teh School District, are in conformity with U.S. generally accepted accounting principles.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10% de minimus indirect cost rate.
Union School District is the reporting entity for financial reporting as defined in Note 1 to the School District’s financial statements.
Title: 3
Accounting Policies: Union School District is the reporting entitynfor financial reporting as defined in Note 1 to the School District's financial statements. The accompanying scheduleof expenditures of federal awards has been prepared on the basis of accounting practices prescribed or permitted by the Manual of Accounting and Related Financial procedures for Pennsylvania School Systems, issued by the Pennsylvania Department of Education. These practices, as they apply to teh School District, are in conformity with U.S. generally accepted accounting principles.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10% de minimus indirect cost rate.
Note 2 – Basis of Accounting
Title: 4
Accounting Policies: Union School District is the reporting entitynfor financial reporting as defined in Note 1 to the School District's financial statements. The accompanying scheduleof expenditures of federal awards has been prepared on the basis of accounting practices prescribed or permitted by the Manual of Accounting and Related Financial procedures for Pennsylvania School Systems, issued by the Pennsylvania Department of Education. These practices, as they apply to teh School District, are in conformity with U.S. generally accepted accounting principles.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10% de minimus indirect cost rate.
The accompanying schedule of expenditures of federal awards has been prepared on the basis of accounting practices prescribed or permitted by the Manual of Accounting and Related Financial Procedures for Pennsylvania School Systems, issued by the Pennsylvania Department of Education. These practices, as they apply to the School District, are in conformity with U.S. generally accepted accounting principles.