Notes to SEFA
Title: Note 4: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal awards includes the federal grant activity of Wolf Branch CUSD #113 and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The following amounts were expended in the form of non-cash assistance by Wolf Branch School District #115 and are included in the Schedule of Expenditures of Federal Awards:NON-CASH COMMODITIES (CFDA 10.555)**:$10,751 OTHER NON-CASH ASSISTANCE - DEPT. OF DEFENSE FRUITS & VEGETABLES$1,563 Total Non-Cash$12,314
Title: Note 3: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal awards includes the federal grant activity of Wolf Branch CUSD #113 and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Of the federal expenditures presented in the schedule, Wolf Branch School District #113 did not provide any federal awards to subrecipients.
Title: Note 5: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal awards includes the federal grant activity of Wolf Branch CUSD #113 and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Insurance coverage in effect paid with Federal funds during the fiscal year:PropertyNoneAutoNoneGeneral LiabilityNoneWorkers CompensationNoneLoans/Loan Guarantees Outstanding at June 30:NoneDistrict had Federal grants requiring matching expendituresNo