Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Modified Cash basis
De Minimis Rate Used: N
Rate Explanation: Not required to do so
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Benton Community Consolidated School
District No. 47 and is presented on the [Identify 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
financial statements.
Title: Indirect Facilities & Administration costs
Accounting Policies: Modified Cash basis
De Minimis Rate Used: N
Rate Explanation: Not required to do so
Auditee did not elect to use the 10% de minimis cost rate
Title: Subricipients
Accounting Policies: Modified Cash basis
De Minimis Rate Used: N
Rate Explanation: Not required to do so
None noted
Title: Non-cash Assistance
Accounting Policies: Modified Cash basis
De Minimis Rate Used: N
Rate Explanation: Not required to do so
Listing of amounts expended in the form of non-cash.