Notes to SEFA
Title: Note 5: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Highland Community Unit School District #5 and is presented on the modified accrual basis of accounting. The informationin this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Insurance coverage in effect paid with Federal funds during the fiscal year: Property None Auto None Genera lLiability None Workers Compensation None Loans/Loan Guarantees Outstanding at June 30: None District had Federal grants requiring matching expenditures No
Title: Note 4: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Highland Community Unit School District #5 and is presented on the modified accrual basis of accounting. The informationin this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The following amounts were expended in the form of non-cash assistance by Highland Community Unit School District #5 and are included in the Schedule of Expenditures of Federal Awards: NON-CASH COMMODITIES (AL 10.555)**: $80,243 OTHER NON-CASH ASSISTANCE - DEPT. OF DEFENSE FRUITS AND VEGETABLES $75,267 TOTAL NON-CASH $155,510.
Title: Note 3: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Highland Community Unit School District #5 and is presented on the modified accrual basis of accounting. The informationin this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Of the federal expenditures presented in the schedule, Highland Community Unit School District #5 did not provide any federal awards to subrecipients.