Notes to SEFA
Accounting Policies: NOTE A – BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award
activity of Bradford Exempted Village School District (the District’s) 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 or changes in net position of the District.
NOTE B – SUMMARY OF SIGNIFICANT 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.
NOTE C – INDIRECT COST RATE
The Government has elected not to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
NOTE D - SUBRECIPIENTS
The Government passes certain federal awards received from the Ohio Department of Education (ODE) to
other governments or not-for-profit agencies (subrecipients). As Note B describes, the Government reports
expenditures of Federal awards to subrecipients when paid in cash.
As a subrecipient, the Government has certain compliance responsibilities, such as monitoring its
subrecipients to help assure they use these subawards as authorized by laws, regulations, and the
provisions of contracts or grant agreements, and that subrecipients achieve the award’s performance goals.
NOTE E - CHILD NUTRITION CLUSTER
The Government commingles cash receipts from the U.S. Department of Agriculture with similar State
grants. When reporting expenditures on this Schedule, the Government assumes it expends federal
monies first.
NOTE F – FOOD DONATION PROGRAM
The Government reports commodities consumed on the Schedule at the entitlement value. The
Government allocated donated food commodities to the respective programs that benefitted from the use
of those donated food commodities.
De Minimis Rate Used: N
Rate Explanation: N/A