Notes to SEFA
Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIES
Organization
The accompanying Schedule of Expenditures of Federal Awards represents all Federal awards administered by the Morrisville-
Eaton Central School District. The School District’s organization is defined in Note 1 to the School District’s basic financial
statements.
Basis of Accounting
The expenditures in the accompanying schedule are presented on an accrual basis of accounting. The information in this
schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, 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
Food Donation
Non-monetary assistance is reported in the schedule at fair market value of the food commodities received. At June 30, 2024,
the School District had food commodities totaling $10,642 in inventory.
Cluster Programs
The following programs are identified by “OMB Compliance Supplement” to be part of a cluster of programs:
U.S. Department of Agriculture
Nutrition Cluster
AL #10.553 School Breakfast Program
AL #10.555 National School Lunch Program
AL # 10.559 Summer Food Service
U.S. Department of Education
Special Education Cluster
AL #84.027 Special Education - Grants to States (IDEA, Part B)
AL #84.027X COVID-19-Special Education - Grants to States (IDEA, Part B)
AL #84.173 Special Education - Preschool Grants (IDEA Preschool)
AL #84.173X COVID-19-Special Education - Preschool Grants (IDEA Preschool)
Indirect Cost Rate
The School District has not elected to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost Rate
The School District has not elected to use the 10% de minimis indirect cost rate