Notes to SEFA
Title: Basis of Accounting
Accounting Policies: Modified Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The District uses the federal restricted rate of 4.21% or the federal unrestricted rate of 25.24%.
This Schedule is prepared on the same basis of accounting as the
district’s 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.
Title: Federal De Minimis Indirect Rate
Accounting Policies: Modified Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The District uses the federal restricted rate of 4.21% or the federal unrestricted rate of 25.24%.
The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Federal indirect Rate
Accounting Policies: Modified Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The District uses the federal restricted rate of 4.21% or the federal unrestricted rate of 25.24%.
The district used the federal restricted rate of 4.12% or the federal unrestricted rate of 25.24%.
Title: Non-Cash Awards-Food Commodities
Accounting Policies: Modified Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The District uses the federal restricted rate of 4.21% or the federal unrestricted rate of 25.24%.
The amount of food commodities reported on the schedule is market value of commodities distributed by the school district during the
current year. The value is determined by the USDA.
Title: Schoolwide Programs
Accounting Policies: Modified Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The District uses the federal restricted rate of 4.21% or the federal unrestricted rate of 25.24%.
The district operates a “schoolwide” program in the elementary building. 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 District in schoolwide
programs: Title I 84.010A - $745,401.00.