Title: NOTE 3—FEDERAL LOANS
Accounting Policies: NOTE 1—BASIS OF ACCOUNTING This Schedule is prepared on the same basis of accounting as the West Valley School District #363 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: NOTE 2—FEDERAL DE MINIMIS INDIRECT RATE The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate which ranged from 4.90%- 5.73%, and the federal unrestricted rate which ranged from 16.26%-16.53%.
The district did not have a federal loan that it was required to report. This note is not applicable for the district for the year ended August 31, 2023.
Title: NOTE 4—PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: NOTE 1—BASIS OF ACCOUNTING This Schedule is prepared on the same basis of accounting as the West Valley School District #363 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: NOTE 2—FEDERAL DE MINIMIS INDIRECT RATE The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate which ranged from 4.90%- 5.73%, and the federal unrestricted rate which ranged from 16.26%-16.53%.
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 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 5—NONCASH AWARDS
Accounting Policies: NOTE 1—BASIS OF ACCOUNTING This Schedule is prepared on the same basis of accounting as the West Valley School District #363 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: NOTE 2—FEDERAL DE MINIMIS INDIRECT RATE The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate which ranged from 4.90%- 5.73%, and the federal unrestricted rate which ranged from 16.26%-16.53%.
The amount of commodities reported on the schedule is the value of commodities distributed by the district during the current year and priced as prescribed by The USDA. The amount of firewall and dark fiber services reported on the schedule is the value of firewall and dark fiber services distributed by the district during the current year and priced as prescribed by The Universal Service Fund for Schools and Libraries. The amount of technology devices reported on the schedule is the value of technology devices distributed by the district during the current year and priced as prescribed by The Emergency Connectivity Fund. The amount of nutrition services equipment reported on the schedule is the value of nutrition services equipment distributed by the district during the current year and priced as prescribed by The Team Nutrition Program.
Title: NOTE 6—SCHOOLWIDE PROGRAMS
Accounting Policies: NOTE 1—BASIS OF ACCOUNTING This Schedule is prepared on the same basis of accounting as the West Valley School District #363 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: NOTE 2—FEDERAL DE MINIMIS INDIRECT RATE The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate which ranged from 4.90%- 5.73%, and the federal unrestricted rate which ranged from 16.26%-16.53%.
The district operates a “school wide program” in four elementary buildings, two middle school buildings, and three high school buildings. Using federal funding, school wide 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 district in its school wide program: Title I (84.010) $721,455.68.
Title: NOTE 7—TRANSFERABILITY
Accounting Policies: NOTE 1—BASIS OF ACCOUNTING This Schedule is prepared on the same basis of accounting as the West Valley School District #363 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: NOTE 2—FEDERAL DE MINIMIS INDIRECT RATE The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate which ranged from 4.90%- 5.73%, and the federal unrestricted rate which ranged from 16.26%-16.53%.
The district did not elect to transfer program funds. This note is not applicable for the district for the year ended August 31, 2023.
Title: NOTE 8—SMALL RURAL SCHOOLS ACHIEVEMENT
Accounting Policies: NOTE 1—BASIS OF ACCOUNTING This Schedule is prepared on the same basis of accounting as the West Valley School District #363 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: NOTE 2—FEDERAL DE MINIMIS INDIRECT RATE The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate which ranged from 4.90%- 5.73%, and the federal unrestricted rate which ranged from 16.26%-16.53%.
This note is not applicable for the district for the year ended August, 31, 2023.