Title: NOTE A – BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the basis of accounting prescribed by the West
Virginia Department of Education, which is a comprehensive basis of accounting other than accounting
principles generally accepted in the United States of America. Such expenditures are recognized following
the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement. The Board has elected not
to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Expenditures reported on the Schedule are reported on the basis of accounting prescribed by the West
Virginia Department of Education, which is a comprehensive basis of accounting other than accounting
principles generally accepted in the United States of America. Such expenditures are recognized following
the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement. The Board 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 Hampshire County Board of Education, Hampshire County, West Virginia (the Board) 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 Board, it is not
intended to and does not present the financial position or changes in net position of the Board.
Title: NOTE C – CHILD NUTRITION CLUSTER
Accounting Policies: Expenditures reported on the Schedule are reported on the basis of accounting prescribed by the West
Virginia Department of Education, which is a comprehensive basis of accounting other than accounting
principles generally accepted in the United States of America. Such expenditures are recognized following
the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement. The Board has elected not
to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Expenditures reported on the Schedule are reported on the basis of accounting prescribed by the West
Virginia Department of Education, which is a comprehensive basis of accounting other than accounting
principles generally accepted in the United States of America. Such expenditures are recognized following
the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement. The Board has elected not
to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Board comingles cash receipts from the U.S. Department of Agriculture with similar State grants. When
reporting expenditures on this Schedule, the Board assumes it expends federal monies first.
Title: NOTE D – FOOD DONATION PROGRAM
Accounting Policies: Expenditures reported on the Schedule are reported on the basis of accounting prescribed by the West
Virginia Department of Education, which is a comprehensive basis of accounting other than accounting
principles generally accepted in the United States of America. Such expenditures are recognized following
the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement. The Board has elected not
to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Expenditures reported on the Schedule are reported on the basis of accounting prescribed by the West
Virginia Department of Education, which is a comprehensive basis of accounting other than accounting
principles generally accepted in the United States of America. Such expenditures are recognized following
the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement. The Board has elected not
to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Board reports commodities consumed on the Schedule at the entitlement value. The Board allocated
donated food commodities to the respective program that benefitted from the use of those donated food
commodities.