Notes to SEFA
Title: Noncash Transactions
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass through identifying numbers are presented on the Schedule where available.
De Minimis Rate Used: N
Rate Explanation: The School District has selected to use a rate other than the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
Nonmonetary assistance is reported in the schedules at the fair market value of the commodities received
and disbursed. At June 30, 2023, there were $147,367 of donated food commodities in the Child Nutrition
Cluster passed through the Wisconsin Department of Public Instruction. There are no outstanding balances
as of June 30, 2023.
Title: Oversight Agencies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass through identifying numbers are presented on the Schedule where available.
De Minimis Rate Used: N
Rate Explanation: The School District has selected to use a rate other than the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
The District's federal oversight agency is the U.S. Department of Education. The District's state cognizant agency is the Wisconsin Department of Public Instruction
Title: Eligible costs for Special Education
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass through identifying numbers are presented on the Schedule where available.
De Minimis Rate Used: N
Rate Explanation: The School District has selected to use a rate other than the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
Eligible costs for special education under project 011 were $5,744,331 for the year ended June 30, 2023.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass through identifying numbers are presented on the Schedule where available.
De Minimis Rate Used: N
Rate Explanation: The School District has selected to use a rate other than the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
The accompanying Schedules of Expenditures of Federal and State Awards (the Schedules) includes the
federal and state grant activity of the School District under programs of the federal government and state
agencies for the year ended June 30, 2023. The information in this Schedules is presented in accordance
with the requirements of Uniform Guidance, Wisconsin State Single Audit Guidelines, Audits of States,
Local Governments, and Non-Profit Organizations. Because the Schedules presents only a selected
portion of the operations of the School District, it is not intended to and does not present the financial
position, changes in net position, or cash flows of the School District.