Notes to SEFA
Title: NOTE 3 – NONCASH AWARDS
Accounting Policies: Note 1 - Basis of Accounting - This Schedule is prepared on the same basis of accounting as the Kettle Falls School District’s financial statements. The Kettle Falls School District uses modified accrual 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 De Minimis Indirect Rate - The Kettle Falls School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Kettle Falls School District used the federal restricted rate of 4.72%.
The amount of commodities reported on the schedule is the value of commodities distributed by the Kettle Falls School District during the current year and priced as prescribed by the Office of Superintendent of Public Instruction.
Title: NOTE 4 – SCHOOLWIDE PROGRAMS
Accounting Policies: Note 1 - Basis of Accounting - This Schedule is prepared on the same basis of accounting as the Kettle Falls School District’s financial statements. The Kettle Falls School District uses modified accrual 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 De Minimis Indirect Rate - The Kettle Falls School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Kettle Falls School District used the federal restricted rate of 4.72%.
The Kettle Falls School District operates a “schoolwide program” in the middle school 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 Kettle Falls School District in its schoolwide program: Title I (84.010) $339,970.