Notes to SEFA
Title: NOTE 3—PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the School District’s financial statements. The district uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The district used the federal indirect rate as determined by OSPI. The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Restricted Rate: 5.82%
Unrestricted Rate: 29.86%
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the (district)’s local matching share, may be more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or 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 are not allowable or are limited as to reimbursement.
Title: NOTE 4—NONCASH AWARDS
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the School District’s financial statements. The district uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The district used the federal indirect rate as determined by OSPI. The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Restricted Rate: 5.82%
Unrestricted Rate: 29.86%
The amount of commodities reported on the schedule is the value of commodities received from OSPI during the current year and priced as prescribed by OSPI and SAO.
Title: Note 5 - FEMA grant
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the School District’s financial statements. The district uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The district used the federal indirect rate as determined by OSPI. The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Restricted Rate: 5.82%
Unrestricted Rate: 29.86%
FEMA grant expenditures were in the prior fiscal years.