Notes to SEFA
Title: SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) is a summary of the activity of the District’s federal awards program and is presented in accordance with the requirements of Title 2 U.S. code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. (OMB Uniform Guidance). This Schedule has been prepared on the modified accrual basis of accounting. Therefore, some amounts presented in these schedules may differ from amounts presented in or used in the presentation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The District did not elect to use the 10% de minimis cost rate as permitted by OMB Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) is a summary of the activity of the District’s federal awards program and is presented in accordance with the requirements of Title 2 U.S. code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. (OMB Uniform Guidance). This Schedule has been prepared on the modified accrual basis of accounting. Therefore, some amounts presented in these schedules may differ from amounts presented in or used in the presentation of the basic financial statements. The District did not elect to use the 10% de minimis cost rate as permitted by OMB Uniform Guidance.
Title: NUTRITION CLUSTER
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) is a summary of the activity of the District’s federal awards program and is presented in accordance with the requirements of Title 2 U.S. code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. (OMB Uniform Guidance). This Schedule has been prepared on the modified accrual basis of accounting. Therefore, some amounts presented in these schedules may differ from amounts presented in or used in the presentation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The District did not elect to use the 10% de minimis cost rate as permitted by OMB Uniform Guidance.
Nonmonetary assistance, such as food received from the U.S. Department of Agriculture, is reported in the Schedule at the fair value of the commodities received and consumed. Cash receipts from the U.S. Department of Agriculture are commingled with State grants. It is assumed federal monies are expended first. For the year ended June 30, 2023 the District received $34,513 in food commodities.
Title: MEDICAID
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) is a summary of the activity of the District’s federal awards program and is presented in accordance with the requirements of Title 2 U.S. code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. (OMB Uniform Guidance). This Schedule has been prepared on the modified accrual basis of accounting. Therefore, some amounts presented in these schedules may differ from amounts presented in or used in the presentation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The District did not elect to use the 10% de minimis cost rate as permitted by OMB Uniform Guidance.
During the year ended June 30, 2023, the District expended $26,914 of Medicaid funding from the State Department of Human Services as well as $24,426 of ARMAC Medical Administrative Claiming funds. Such payments are not considered federal awards expended, and therefore are not included in the Schedule of Governmental Awards.