Notes to SEFA
Title: Note 3
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of West Chicago School District 94 and is presented on the modified cash basis. 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 Basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal expenditures presented in the schedule, West Chicago School District 94 provided federal awards to subrecipients as follows: None
Title: Note 4
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of West Chicago School District 94 and is presented on the modified cash basis. 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 Basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following amounts were expended in the form of non-cash assistance by West Chicago School District 94 and should be included in the Schedule of Expenditures of Federal Awards:
NON-CASH COMMODITIES (AL 10.555)**: $0
OTHER NON-CASH ASSISTANCE - DEPT. OF DEFENSE FRUITS & VEGETABLES: $0
Title: Note 5
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of West Chicago School District 94 and is presented on the modified cash basis. 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 Basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Insurance coverage in effect paid with Federal funds during the fiscal year:
Property: $0