Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Carterville CUSD 5 and is presented on the
cash 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 Basic financial statements.
Title: Note 2: Indirect Facilities & Administration costs
Accounting Policies: Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Auditee elected to use 10% de minimis cost rate? NO
Title: Note 3: Subrecipients
Accounting Policies: Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
There have been no awards passed through to subrecipients
Title: Note 4: Non‐Cash Assistance
Accounting Policies: Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The following amounts were expended in the form of non‐cash assistance by Carterville CUSD 5 and should be included in the Schedule of Expenditures of Federal Awards: NON‐CASH COMMODITIES (AL 10.555)**: $62,506
OTHER NON‐CASH ASSISTANCE ‐ DEPT. OF DEFENSE FRUITS & VEGETABLES $30,994 Total Non‐Cash $93,500
Title: Note 5: Other Information
Accounting Policies: Expenditures reported on the schedule are reported on the modified cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain expenditures are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Insurance coverage in effect paid with Federal funds during the fiscal year:
Property No
Auto No
General Liability No
Workers Compensation No
Loans/Loan Guarantees Outstanding at June 30: No
District had Federal grants requiring matching expenditures No