Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: BASIS OF PRESENTATION, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, FOOD DISTRIBUTION
De Minimis Rate Used: N
Rate Explanation: USED RATE APPROVED BY KY DEPARTMENT OF EDUCATION
Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities disbursed, totaling $127,978.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: BASIS OF PRESENTATION, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, FOOD DISTRIBUTION
De Minimis Rate Used: N
Rate Explanation: USED RATE APPROVED BY KY DEPARTMENT OF EDUCATION
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
Title: FOOD DISTRIBUTION
Accounting Policies: BASIS OF PRESENTATION, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, FOOD DISTRIBUTION
De Minimis Rate Used: N
Rate Explanation: USED RATE APPROVED BY KY DEPARTMENT OF EDUCATION
Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities disbursed, totaling $38,385.