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 Pasco School District's financial statements. The Pasco 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 Pasco School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Pasco School District used an indirect rate of 2.72% .
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the Pasco School District's local matching share, may be more than shown.
Title: NOTE 4 - NONCASH AWARDS
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Pasco School District's financial statements. The Pasco 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 Pasco School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Pasco School District used an indirect rate of 2.72% .
The amount of food commodities reported on the schedule is the value of commodities distributed by the Pasco School District during the current year and priced as prescribed by the USDA.
Title: NOTE 5 - SCHOOLWIDE PROGRAMS
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Pasco School District's financial statements. The Pasco 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 Pasco School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Pasco School District used an indirect rate of 2.72% .
The Pasco School District operates a "schoolwide program" in seventeen elementary buildings, four middle schools, two high schools, one alternative high school and two online schools. 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 it's schoolwide program: Title I (84.010) - $8,420,050; Migrant Education (84.011) - $1,395,895.
Title: NOTE 6 - FEDERAL INDIRECT RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Pasco School District's financial statements. The Pasco 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 Pasco School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Pasco School District used an indirect rate of 2.72% .
The Pasco School District used the federal restricted rate of 2.72% for FY 22-23.
Title: NOTE 7 - FEDERAL INDIRECT RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Pasco School District's financial statements. The Pasco 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 Pasco School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Pasco School District used an indirect rate of 2.72% .
The Pasco School District charged no indirect .
Title: NOTE 8 - FEDERAL UNRESTRICTED INDIRECT RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Pasco School District's financial statements. The Pasco 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 Pasco School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Pasco School District used an indirect rate of 2.72% .
The Pasco School District used the federal unrestricted indirect rate of 10.89%.
Title: NOTE 9 - FEDERAL UNRESTRICTED INDIRECT RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Pasco School District's financial statements. The Pasco 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 Pasco School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Pasco School District used an indirect rate of 2.72% .
The Pasco School District used the federal unrestrcted indirect rate of 10.20%.
Title: NOTE 10 - FEDERAL INDIRECT RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Pasco School District's financial statements. The Pasco 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 Pasco School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Pasco School District used an indirect rate of 2.72% .
The Pasco School District used the federal restricted rate of 10.46%.
Title: NOTE 11 - FEDERAL INDIRECT RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Pasco School District's financial statements. The Pasco 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 Pasco School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Pasco School District used an indirect rate of 2.72% .
The Pasco School District used the federal restricted rate of 3.51%.