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 Kent School District's financial
statements. The Kent 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 Kent School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Kent School District used their 22-23 federal restricted indirect rate of 4.29% with the following exceptions:
CFDA 84.425D The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.55% - ESSER II
CFDA 84.425U The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.46% - ESSER III
CFDA 93.566 Refugee and Entrace Assistance - Discretionary Grants used 15% Approved Per SOWA
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Kent School District's financial statements. The Kent 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: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Kent School District's financial
statements. The Kent 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 Kent School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Kent School District used their 22-23 federal restricted indirect rate of 4.29% with the following exceptions:
CFDA 84.425D The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.55% - ESSER II
CFDA 84.425U The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.46% - ESSER III
CFDA 93.566 Refugee and Entrace Assistance - Discretionary Grants used 15% Approved Per SOWA
The Kent School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Kent School District used their 22-23 federal restricted indirect rate of 4.29% with the following exceptions:
CFDA 84.425D The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.55% - ESSER II
CFDA 84.425U The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.46% - ESSER III
CFDA 93.566 Refugee and Entrace Assistance - Discretionary Grants used 15% Approved Per SOWA
Title: NOTE 3 - PROGRAM COSTS AND MATCHING CONTRIBUTIONS
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Kent School District's financial
statements. The Kent 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 Kent School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Kent School District used their 22-23 federal restricted indirect rate of 4.29% with the following exceptions:
CFDA 84.425D The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.55% - ESSER II
CFDA 84.425U The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.46% - ESSER III
CFDA 93.566 Refugee and Entrace Assistance - Discretionary Grants used 15% Approved Per SOWA
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the Kent School District's local matching share, may be more than shown. Such expenditures are recognized following 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 - NON-CASH AWARDS
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Kent School District's financial
statements. The Kent 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 Kent School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Kent School District used their 22-23 federal restricted indirect rate of 4.29% with the following exceptions:
CFDA 84.425D The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.55% - ESSER II
CFDA 84.425U The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.46% - ESSER III
CFDA 93.566 Refugee and Entrace Assistance - Discretionary Grants used 15% Approved Per SOWA
The amount of food commodities reported on the schedule is the market value of commodities distributed by the Kent School District during the current year. The value is determined by the U.S. Department of Agriculture.
Title: NOTE 5 - SCHOOLWIDE PROGRAMS
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Kent School District's financial
statements. The Kent 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 Kent School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Kent School District used their 22-23 federal restricted indirect rate of 4.29% with the following exceptions:
CFDA 84.425D The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.55% - ESSER II
CFDA 84.425U The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.46% - ESSER III
CFDA 93.566 Refugee and Entrace Assistance - Discretionary Grants used 15% Approved Per SOWA
Kent School District operates a "schoolwide program" in twenty elementary buildings and one middle school. 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 amount was expended by the Kent School District in its schoolwide program: Title I-A (84.010) $7,340,111