Notes to SEFA
Title: DONATED PERSONAL PROTECTIVE EQUIPMENT (PPE) (UNAUDITED)
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the
federal award activity of the Concord School City (the City) under programs of the
federal government for the year ended June 30, 2023. The information in the Schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations
(CFR) 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 City, it is not intended to and does not present the financial
position or changes in net position of the City.
Expenditures reported on the Schedule are reported on the modified accrual basis of
accounting. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to
reimbursement.
The amounts reported for the National School Lunch Program – Non-Cash Assistance
represent the fair value of commodities received.
De Minimis Rate Used: N
Rate Explanation: The City did not use the 10‐percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
During fiscal year 2023 the City did not receive donated PPE from federal sources.
Title: SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the
federal award activity of the Concord School City (the City) under programs of the
federal government for the year ended June 30, 2023. The information in the Schedule is
presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations
(CFR) 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 City, it is not intended to and does not present the financial
position or changes in net position of the City.
Expenditures reported on the Schedule are reported on the modified accrual basis of
accounting. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance, wherein certain types of expenditures are not allowable or are limited to
reimbursement.
The amounts reported for the National School Lunch Program – Non-Cash Assistance
represent the fair value of commodities received.
De Minimis Rate Used: N
Rate Explanation: The City did not use the 10‐percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Of the federal expenditures presented in the Schedule, the City did not provide federal
awards to subrecipients.