Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of Jamesville-Dewitt Central School District's federal award programs and presents transactions that are included in the financial statements of the District presented on the modified accrual basis of accounting, as required by accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District did not use the de minimis cost rate
The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by the Jamesville-Dewitt Central School District, which is described in Note 1 to the District’s accompanying financial statements, using the modified accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. CFDA numbers and pass-through numbers are provided, when available.
Title: Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of Jamesville-Dewitt Central School District's federal award programs and presents transactions that are included in the financial statements of the District presented on the modified accrual basis of accounting, as required by accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District did not use the de minimis cost rate
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 provided. Jamesville-Dewitt Central School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Food Distribution
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of Jamesville-Dewitt Central School District's federal award programs and presents transactions that are included in the financial statements of the District presented on the modified accrual basis of accounting, as required by accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District did not use the de minimis cost rate
The District is the recipient of a federal award program that does not result in cash receipts or disbursements. The District was granted $48,909 of commodities under the National School Lunch Program (CFDA 10.555).
Title: ESSER 2 Expenditures
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of Jamesville-Dewitt Central School District's federal award programs and presents transactions that are included in the financial statements of the District presented on the modified accrual basis of accounting, as required by accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District did not use the de minimis cost rate
During the 2021-2022 school year, the District incurred federal expenditures of $585,647 related to the ESSER 2 grant. The federal funds were received and reported on the District’s schedule of expenditures of federal awards for the year ended June 30, 2022. The District subsequently included those expenditures as part of a capital project in 2023 and reimbursed the federal fund. The District recorded the previously received Federal funds as deferred revenue as of June 30, 2023. In 2024, the District incurred $585,647 of additional allowable expenses, earning the federal funds. Those federal expenditures have been reported on the schedule of expenditures of federal awards for the year ended June 30, 2024, differing from the expenses reported on the federal fund, as these expenses are reported in a prior period.