Notes to SEFA
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Abingdon-Avon CUSD 276 (the "District") and is presented on the regulatory basis of accounting. The Information in 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
regulatory basis financial statements.
De Minimis Rate Used: N
Rate Explanation: Auditee elected not to use 10% de minimis cost rate.
The following amounts were expended in the form of non-cash assistance by the District and should be included in the Schedule of Expenditures of Federal Awards:
NON-CASH COMMODITIES (AL 10.555)**: $31,601
OTHER NON-CASH ASSISTANCE - DEPT. OF DEFENSE FRUITS & VEGETABLES: $4,000
Total Non-cash $35,601