Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of
Liberty Union-Thurston Local School District (the District) under programs of the federal government for the year ended
June 30, 2023. The information on this Schedule is prepared in accordance with the requirements of Title 2 U.S. Code of
Federal Regulations 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, changes in net position, or cash flows of the
District.
Title: Child Nutrition Cluster
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The District comingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting
expenditures on this Schedule, the District assumes it expends federal monies first.
Title: Food Donation Program
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The District reports commodities consumed on the Schedule at the entitlement value. The District allocated donated
food commodities to the respective program that benefitted from the use of those donated food commodities.
Title: Transfers Between Federal Programs
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
During fiscal year 2023, the District made allowable transfers of $34,384 from the Improving Teacher Quality State
Grants (84.367) program to the Title I Grants to Local Educational Agencies (84.010) program. The amount transferred
to the Title I Grants to Local Educational Agencies program is included as Title I Grants to Local Educational Agencies
expenditures when disbursed. The following table shows the gross amount drawn for the Improving Teacher Quality
State Grants program during fiscal year 2023 and the amount transferred to the Title I Grants to Local Educational
Agencies program.
Improving Teacher Quality State Grants (84.367) $ 34,384
Transfer to Title I Grants to Local Educational Agencies (84.010) (34,384)
Total Improving Teacher Quality State Grants (84.367) $ 0