Title: Basis of Accounting
Accounting Policies: Basis of Presentation : The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs administered by the School District, an entity as defined in
Note 1 to the School District's basic financial statements. Federal awards received directly
from federal agencies, as well as federal awards passed through from other government
agencies, are included on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Indirect Costs: Indirect costs are included in the reported expenditures to the extent they are included in the Federal financial reports used as the source for the data presented. The School District
has elected not to use the 10% de minimus indirect cost rate.
The basis of accounting varies by federal program consistent with the underlyingregulations pertaining to each program. The information is presented in accordance withthe requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards (Uniform Guidance). Therefore, some amounts presented in this schedule maydiffer from amounts presented in, or used in preparation of the financial statements.
Title: Matching Costs
Accounting Policies: Basis of Presentation : The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs administered by the School District, an entity as defined in
Note 1 to the School District's basic financial statements. Federal awards received directly
from federal agencies, as well as federal awards passed through from other government
agencies, are included on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Indirect Costs: Indirect costs are included in the reported expenditures to the extent they are included in the Federal financial reports used as the source for the data presented. The School District
has elected not to use the 10% de minimus indirect cost rate.
Matching costs, i.e., the School District's share of certain program costs, are not included in the reported expenditures.
Title: Non-Monetary Federal Program
Accounting Policies: Basis of Presentation : The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs administered by the School District, an entity as defined in
Note 1 to the School District's basic financial statements. Federal awards received directly
from federal agencies, as well as federal awards passed through from other government
agencies, are included on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Indirect Costs: Indirect costs are included in the reported expenditures to the extent they are included in the Federal financial reports used as the source for the data presented. The School District
has elected not to use the 10% de minimus indirect cost rate.
The School District is the recipient of a federal award program that does not result in cash receipts or disbursements termed a “non-monetary program.”. During the year ended June 30, 2024, the School District received $59,875 worth of commodities under the National School Lunch Program (ALN #10.555).
Title: Subrecipients
Accounting Policies: Basis of Presentation : The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs administered by the School District, an entity as defined in
Note 1 to the School District's basic financial statements. Federal awards received directly
from federal agencies, as well as federal awards passed through from other government
agencies, are included on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Indirect Costs: Indirect costs are included in the reported expenditures to the extent they are included in the Federal financial reports used as the source for the data presented. The School District
has elected not to use the 10% de minimus indirect cost rate.
No amounts were provided to subrecipients.
Title: Other Disclosures
Accounting Policies: Basis of Presentation : The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs administered by the School District, an entity as defined in
Note 1 to the School District's basic financial statements. Federal awards received directly
from federal agencies, as well as federal awards passed through from other government
agencies, are included on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Indirect Costs: Indirect costs are included in the reported expenditures to the extent they are included in the Federal financial reports used as the source for the data presented. The School District
has elected not to use the 10% de minimus indirect cost rate.
No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds has only a nominal value and is covered by the School District’s casualty insurance policies.
There were no loans or loan guarantees outstanding at year end.