Notes to SEFA
Title: NOTE 1 - BASIS OF ACCOUNTING
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the
Mukilteo School District's financial statements. The Mukilteo 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: NOTE 2 - FEDERAL INDIRECT RATE: The Mukilteo School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Mukilteo School District used the federal restricted rate of 3.15% and the federal unrestricted rate of 11.47%.
NOTE 1 - BASIS OF ACCOUNTING: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the
Mukilteo School District's financial statements. The Mukilteo 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 INDIRECT RATE
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the
Mukilteo School District's financial statements. The Mukilteo 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: NOTE 2 - FEDERAL INDIRECT RATE: The Mukilteo School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Mukilteo School District used the federal restricted rate of 3.15% and the federal unrestricted rate of 11.47%.
NOTE 2 - FEDERAL INDIRECT RATE: The Mukilteo School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Mukilteo School District used the federal restricted rate of 3.15% and the federal unrestricted rate of 11.47%.
Title: NOTE 3 - 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
Mukilteo School District's financial statements. The Mukilteo 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: NOTE 2 - FEDERAL INDIRECT RATE: The Mukilteo School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Mukilteo School District used the federal restricted rate of 3.15% and the federal unrestricted rate of 11.47%.
NOTE 3 - NONCASH AWARDS: The amount of commodities reported on the schedule is the value of commodities distributed by the Mukilteo School District during the current year and prices as prescribed by USDA.
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
Mukilteo School District's financial statements. The Mukilteo 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: NOTE 2 - FEDERAL INDIRECT RATE: The Mukilteo School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Mukilteo School District used the federal restricted rate of 3.15% and the federal unrestricted rate of 11.47%.
NOTE 4 - SCHOOLWIDE PROGRAMS: The Mukilteo School District operates a "schoolwide program" in eight 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 Mukilteo School District in its schoolwide program: Title 1 (84.010) $3,602,840.