Notes to SEFA
Title: 1
Accounting Policies: Note 2 – Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The deminimus cost rate was not used.
Note 1 – Reporting Entity
Union School District is the reporting entity for financial reporting as defined in Note 1 to the School District’s financial statements.
Title: 2
Accounting Policies: Note 2 – Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The deminimus cost rate was not used.
Note 2 – Basis of Accounting
Title: Union School District Notes to Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2022
Accounting Policies: Note 2 – Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The deminimus cost rate was not used.
The accompanying schedule of expenditures of federal awards has been prepared on the basis of accounting practices prescribed or permitted by the Manual of Accounting and Related Financial Procedures for Pennsylvania School Systems, issued by the Pennsylvania Department of Education. These practices, as they apply to the School District, are in conformity with U.S. generally accepted accounting principles. The District did not use the 10% de minimus indirect cost rate.
Title: Note 1
Accounting Policies: Note 2 – Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The deminimus cost rate was not used.
Union School District's significant policies are the statement is presented on the modified accrual basis.
Title: 5
Accounting Policies: Note 2 – Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The deminimus cost rate was not used.
Rate usage not used
Title: Note 2
Accounting Policies: Note 2 – Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The deminimus cost rate was not used.
The accompanying schedule of expenditures of federal awards has been prepared on the basis of accounting practices prescribed or permitted by the Manual of Accounting and Related Financial Procedures for Pennsylvania School Systems, issued by the Pennsylvania Department of Education. These practices, as they apply to the School District, are in conformity with U.S. generally accepted accounting principles. The District did not use the 10% de minimus indirect cost rate.
Title: Note 2 continued
Accounting Policies: Note 2 – Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The deminimus cost rate was not used.
The accompanying schedule of expenditures of federal awards has been prepared on the basis of accounting practices prescribed or permitted by the Manual of Accounting and Related Financial Procedures for Pennsylvania School Systems, issued by the Pennsylvania Department of Education. These practices, as they apply to the School District, are in conformity with U.S. generally accepted accounting principles. The District did not use the 10% de minimus indirect cost rate.