Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: The schedule of expenditures of federal awards reflects federal expenditures for all individual grants which were active during the fiscal year.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The District uses the modified accrual method of recording transactions except as noted for the accounting of donated commodities in the note below. Revenues are recorded when measurable and available. Expenditures are recorded when incurred.
Title: NONMONETARY FEDERAL AWARDS - DONATED FOOD
Accounting Policies: The schedule of expenditures of federal awards reflects federal expenditures for all individual grants which were active during the fiscal year.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Commonwealth of Pennsylvania distributes federal surplus food to institutions (schools, hospitals, and prisons) and to the needy. Expenditures reported in the schedule of expenditures of federal awards under ALN 10.555, National School Lunch Program, include surplus food consumed by the District during the 2022-2023 fiscal year.
Title: ACCESS PROGRAM
Accounting Policies: The schedule of expenditures of federal awards reflects federal expenditures for all individual grants which were active during the fiscal year.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The ACCESS Program is a medical assistance program that reimburses local educational agencies for direct eligible health-related services provided to enrolled special needs students. Reimbursements are federal source revenues but are classified as fee-for-service and are not considered federal financial assistance. The amount of ACCESS funding recognized for the year ended June 30, 2023 was $300,000.
Title: BUILD AMERICA BONDS
Accounting Policies: The schedule of expenditures of federal awards reflects federal expenditures for all individual grants which were active during the fiscal year.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The District was eligible to participate in the School Construction Bonds Program through the American Recovery and Reinvestment Act. As such, the District is eligible for reimbursement of certain amounts relating to the future debt service due on the bonds. These reimbursements are not considered federal financial assistance. The amount recognized for the year ended June 30, 2023 was $1,565,805.