Notes to SEFA
Title: NOTE 1—BASIS OF ACCOUNTING
Accounting Policies: The Schedule of Expenditures of Federal Awards
is prepared on the same basis of accounting as the Tenino School District’s
financial statements. The Tenino 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 Tenino School District used
the federal restricted rate of 4.75%. The Tenino School District has not elected to
use the 10‐percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The Schedule of Expenditures of Federal Awards
is prepared on the same basis of accounting as the Tenino School District’s
financial statements. The Tenino 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: The Schedule of Expenditures of Federal Awards
is prepared on the same basis of accounting as the Tenino School District’s
financial statements. The Tenino 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 Tenino School District used
the federal restricted rate of 4.75%. The Tenino School District has not elected to
use the 10‐percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The Tenino School District used
the federal restricted rate of 4.75%. The Tenino School District has not elected to
use the 10‐percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Title: NOTE 3— FEDERAL DE MINIMIS INDIRECT RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards
is prepared on the same basis of accounting as the Tenino School District’s
financial statements. The Tenino 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 Tenino School District used
the federal restricted rate of 4.75%. The Tenino School District has not elected to
use the 10‐percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The Tenino School District used
the federal unrestricted rate of 15.69%. The Tenino School District has not elected
to use the 10‐percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Title: NOTE 4—NONCASH AWARDS
Accounting Policies: The Schedule of Expenditures of Federal Awards
is prepared on the same basis of accounting as the Tenino School District’s
financial statements. The Tenino 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 Tenino School District used
the federal restricted rate of 4.75%. The Tenino School District has not elected to
use the 10‐percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The amount of commodities reported on the
schedule is the value of commodities distributed by the Tenino 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 Tenino School District’s
financial statements. The Tenino 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 Tenino School District used
the federal restricted rate of 4.75%. The Tenino School District has not elected to
use the 10‐percent de minimis indirect cost rate allowed under the Uniform
Guidance.
The Tenino School District operates a
“schoolwide program” in two 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 Tenino
School District in its schoolwide program: Title I (84.010) $302,262.