Notes to SEFA
Title: Note 3 - Schoolwide Programs
Accounting Policies: Note 1 - Basis of Accounting
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Mary Walker School District’s financial statement. The Mary Walker 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: Note 2 - Federal Indirect Cost Rate
The Mary Walker School District used the federal restricted rate of 2.67%. Mary Walker School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The amount expended was $0 claimed as an indirect cost recovery
Mary Walker School District operates a “schoolwide program” in the elementary and middle school 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 Mary Walker School District in its schoolwide program: Title I (84.010) $306,209.00
Title: Note 4 - Noncash Awards
Accounting Policies: Note 1 - Basis of Accounting
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Mary Walker School District’s financial statement. The Mary Walker 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: Note 2 - Federal Indirect Cost Rate
The Mary Walker School District used the federal restricted rate of 2.67%. Mary Walker School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The amount expended was $0 claimed as an indirect cost recovery
The amount of commodities reported on the Schedule is the value of commodities received by the Mary Walker School District during current year and priced as $26,255.24.
Title: Note 5 - Program Costs
Accounting Policies: Note 1 - Basis of Accounting
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Mary Walker School District’s financial statement. The Mary Walker 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: Note 2 - Federal Indirect Cost Rate
The Mary Walker School District used the federal restricted rate of 2.67%. Mary Walker School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The amount expended was $0 claimed as an indirect cost recovery
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Mary Walker School District portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or 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.