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 Central Kitsap School district’s financial statements. The Central Kitsap School 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 Central Kitsap School District used the federal restricted rate of 4.07%. Central Kitsap School District used the unrestricted rate of 12.82%. The Central Kitsap School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the Central Kitsap School District 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 Central Kitsap School district’s financial statements. The Central Kitsap School 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 Central Kitsap School District used the federal restricted rate of 4.07%. Central Kitsap School District used the unrestricted rate of 12.82%. The Central Kitsap School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of commodities reported on the schedule is the value of commodities distributed by the Central Kitsap School District during the current year and priced as prescribed by OSPI.
Title: Note 5- Schoolwide Programs
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Central Kitsap School district’s financial statements. The Central Kitsap School 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 Central Kitsap School District used the federal restricted rate of 4.07%. Central Kitsap School District used the unrestricted rate of 12.82%. The Central Kitsap School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Central Kitsap School District operates a “schoolwide program” in six school buildings. Using federal funding, schoolwide programs are designed to upgrade an entire educational program within a school for all students, rather than limit services to certain targeted students. The following federal program amounts were expended by the Central Kitsap School District in its schoolwide program: Title I (84.010) $ 1,358,107.01.
Title: Note 6 - FEMA Disaster Assistance
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Central Kitsap School district’s financial statements. The Central Kitsap School 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 Central Kitsap School District used the federal restricted rate of 4.07%. Central Kitsap School District used the unrestricted rate of 12.82%. The Central Kitsap School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures of $44,122.84 were incurred in year 2021-2022.