Title: NOTE 1—BASIS OF ACCOUNTING
Accounting Policies: This Schedule is prepared on the same basis of
accounting as the McCleary School District financial statements. The McCleary
School District uses the cash 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 McCleary School District has
not elected to use the 10‐percent de minimis indirect cost rate allowed under the
Uniform Guidance. The McCleary School District used the federal restricted rate
4.66% and unrestricted rates of 29.12% and 22.80%
This Schedule is prepared on the same basis of
accounting as the McCleary School District financial statements. The McCleary
School District uses the cash 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.
Title: NOTE 2—FEDERAL DE MINIMIS INDIRECT RATE
Accounting Policies: This Schedule is prepared on the same basis of
accounting as the McCleary School District financial statements. The McCleary
School District uses the cash 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 McCleary School District has
not elected to use the 10‐percent de minimis indirect cost rate allowed under the
Uniform Guidance. The McCleary School District used the federal restricted rate
4.66% and unrestricted rates of 29.12% and 22.80%
The McCleary School District has
not elected to use the 10‐percent de minimis indirect cost rate allowed under the
Uniform Guidance. The McCleary School District used the federal restricted rate
4.66% and unrestricted rates of 29.12% and 22.80%
Title: NOTE 3—PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: This Schedule is prepared on the same basis of
accounting as the McCleary School District financial statements. The McCleary
School District uses the cash 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 McCleary School District has
not elected to use the 10‐percent de minimis indirect cost rate allowed under the
Uniform Guidance. The McCleary School District used the federal restricted rate
4.66% and unrestricted rates of 29.12% and 22.80%
The amounts shown as
current year expenses represent only the federal award 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. Administrative, Budgeting and Financial Reporting Handbook
ABFR Chapter 11 – SEFA Guidance ABFR 11‐17 Effective Date: 9‐1‐22
Title: NOTE 4—NONCASH AWARDS
Accounting Policies: This Schedule is prepared on the same basis of
accounting as the McCleary School District financial statements. The McCleary
School District uses the cash 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 McCleary School District has
not elected to use the 10‐percent de minimis indirect cost rate allowed under the
Uniform Guidance. The McCleary School District used the federal restricted rate
4.66% and unrestricted rates of 29.12% and 22.80%
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 USDA.
Title: NOTE 5—SCHOOLWIDE PROGRAMS
Accounting Policies: This Schedule is prepared on the same basis of
accounting as the McCleary School District financial statements. The McCleary
School District uses the cash 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 McCleary School District has
not elected to use the 10‐percent de minimis indirect cost rate allowed under the
Uniform Guidance. The McCleary School District used the federal restricted rate
4.66% and unrestricted rates of 29.12% and 22.80%
The McCleary School District operates a
“schoolwide program” in three elementary 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
McCleary School District in its schoolwide program: Title I (84.010) ($ 125,219).
Title: NOTE 6—TRANSFERABILITY
Accounting Policies: This Schedule is prepared on the same basis of
accounting as the McCleary School District financial statements. The McCleary
School District uses the cash 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 McCleary School District has
not elected to use the 10‐percent de minimis indirect cost rate allowed under the
Uniform Guidance. The McCleary School District used the federal restricted rate
4.66% and unrestricted rates of 29.12% and 22.80%
As allowed by federal regulations, the McCleary
School District elected to transfer program funds. The district expended ($ 0) from
its Title II, Part A Supporting Effective Instruction State Grants (84.367)) on
allowable activities of the Title I, Part A Grants to Local Educational Agencies
(84.010)). This amount is reflected in the expenditures of Title I, Part A Grants to
Local Educational Agencies (84.010.)
Title: NOTE 7—SMALL RURAL SCHOOLS ACHIEVEMENT (SRSA)
Accounting Policies: This Schedule is prepared on the same basis of
accounting as the McCleary School District financial statements. The McCleary
School District uses the cash 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 McCleary School District has
not elected to use the 10‐percent de minimis indirect cost rate allowed under the
Uniform Guidance. The McCleary School District used the federal restricted rate
4.66% and unrestricted rates of 29.12% and 22.80%
As allowed by federal
regulations, the district expended $ 0 from its Small Rural Schools Achievement
(SRSA) Alternative Uses of Funds Program (84.358) for activities of the Student
Support and Academic Achievement Enrichment Program (84.424). This amount is
reflected in the expenditures of 84.424.