Notes to SEFA
Title: NOTE 1—BASIS OF ACCOUNTING
Accounting Policies: This Schedule is prepared on the same basis of accounting as Centralia’s financial
statements. The Centralia 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 Centralia School District has not elected to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance. The Centralia School
District used the federal unrestricted rate of 14.82%.
This Schedule is prepared on the same basis of accounting as Centralia’s financial
statements. The Centralia 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.
Title: NOTE 2—FEDERAL DE MINIMIS INDIRECT RATE
Accounting Policies: This Schedule is prepared on the same basis of accounting as Centralia’s financial
statements. The Centralia 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 Centralia School District has not elected to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance. The Centralia School
District used the federal unrestricted rate of 14.82%.
The Centralia School District has not elected to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance. The Centralia School
District used the federal unrestricted rate of 14.82%.
Title: NOTE 3 —NONCASH AWARDS
Accounting Policies: This Schedule is prepared on the same basis of accounting as Centralia’s financial
statements. The Centralia 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 Centralia School District has not elected to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance. The Centralia School
District used the federal unrestricted rate of 14.82%.
The amount of commodities reported on the schedule is the value of
commodities distributed by the Centralia School District during the current year
and priced as prescribed by USDA.
Title: NOTE 4 —SCHOOLWIDE PROGRAMS
Accounting Policies: This Schedule is prepared on the same basis of accounting as Centralia’s financial
statements. The Centralia 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 Centralia School District has not elected to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance. The Centralia School
District used the federal unrestricted rate of 14.82%.
The Centralia School District operates a “schoolwide program” in five elementary
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 Centralia School District in its schoolwide program: Title I
(84.010), $1,432,227; TPQ (84.367), $190,437 and LEP (84.365), $75,522.