Notes to SEFA
Title: NOTE 3 - PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Wellpinit School District’s financial statements. The Wellpinit 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 DE MINIMIS INDIRECT RATE
The Wellpinit School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Wellpinit School District used the federal restricted rate of 5.31% and an approved federal unrestricted infirect cost rate of 35.58%. The federal unrestrcted rate was applied to ALN 84.425. Other federal grants utilized the federal restricted indirect cost rate.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the Colville School District’s local matching share, may be 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.
Title: NOTE 4 - 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 Wellpinit School District’s financial statements. The Wellpinit 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 DE MINIMIS INDIRECT RATE
The Wellpinit School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Wellpinit School District used the federal restricted rate of 5.31% and an approved federal unrestricted infirect cost rate of 35.58%. The federal unrestrcted rate was applied to ALN 84.425. Other federal grants utilized the federal restricted indirect cost rate.
The Wellpinit School District operates a “school-wide program” in four buildings, one K-5, two 9-12 and one 6-8. Using federal funding, school-wide 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 its school-wide programs: Indian Education (84.060) $123,579.17; Rural Education (84.358) $55,600.00; Title 1 (84.010) $254,553.31; Improving Teacher Quality (84.367) $11,352.65.
Title: NOTE 5 - 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 Wellpinit School District’s financial statements. The Wellpinit 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 DE MINIMIS INDIRECT RATE
The Wellpinit School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Wellpinit School District used the federal restricted rate of 5.31% and an approved federal unrestricted infirect cost rate of 35.58%. The federal unrestrcted rate was applied to ALN 84.425. Other federal grants utilized the federal restricted indirect cost rate.
The amount of commodities reported on the schedule is the value of commodities distributed by the Wellpinit School District during the current year and priced as prescribed by OSPI.
Title: NOTE 6 - SMALL RURAL SCHOOLS ACHIEVEMENT (SRSA)
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Wellpinit School District’s financial statements. The Wellpinit 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 DE MINIMIS INDIRECT RATE
The Wellpinit School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Wellpinit School District used the federal restricted rate of 5.31% and an approved federal unrestricted infirect cost rate of 35.58%. The federal unrestrcted rate was applied to ALN 84.425. Other federal grants utilized the federal restricted indirect cost rate.
As allowed by federal regulations, the Wellpnit School District expended $55,600.00 from its Small Rural Schools Achievement (SRSA) Alternative Uses of Funds Program (84.358).