Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Waterloo Community Unit School District #5 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: Restricted indirect cost rate of 1.48%, unrestricted indirect cost rate of 15%
Of the federal expenditures presented in the schedule, Waterloo Community Unit School District #5 provided federal awards to subrecipients as follows: None
Title: Non Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Waterloo Community Unit School District #5 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: Restricted indirect cost rate of 1.48%, unrestricted indirect cost rate of 15%
The following amounts were expended in the form of non-cash assistance by Waterloo Community Unit School District #5 and should be included in the Schedule of Expenditures of Federal Awards: Non-Cash Commodities (AL 10.555) $167,988
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Waterloo Community Unit School District #5 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: Restricted indirect cost rate of 1.48%, unrestricted indirect cost rate of 15%
Insurance coverage in effect paid with Federal funds during the fiscal year: No property, auto, general liability, workers compensation.
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Waterloo Community Unit School District #5 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: Restricted indirect cost rate of 1.48%, unrestricted indirect cost rate of 15%
No loans or loan guarantees outstanding at June 30
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Waterloo Community Unit School District #5 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: Restricted indirect cost rate of 1.48%, unrestricted indirect cost rate of 15%
The District did not have federal grants requiring matching expenditures