Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: The Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all applicable federal
award programs of White Settlement Independent School District. The District’s reporting entity is
defined in Note I of the financial statements. Federal awards received directly from federal agencies, as
well as federal awards passed through other government agencies, are included on the SEFA.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)—Indirect
(F&A) costs.
The SEFA is presented using the modified accrual basis of accounting. The District’s significant
accounting policies, including the modified accrual basis of accounting, are presented in Note 1 of the
basic financial statements. The SEFA 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 (Uniform Guidance). Therefore, some of the amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: RECONCILIATION OF FEDERAL REVENUES AND THE SCHEDULE OF
EXPENDITURES OF FEDERAL AWARDS
Accounting Policies: The Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all applicable federal
award programs of White Settlement Independent School District. The District’s reporting entity is
defined in Note I of the financial statements. Federal awards received directly from federal agencies, as
well as federal awards passed through other government agencies, are included on the SEFA.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)—Indirect
(F&A) costs.
The following is the reconciliation of federal revenues and the Schedule of Expenditures of Federal
Awards for the fiscal year:
Federal revenues on the Statement of Revenues, Expenditures and
Changes in Fund Balance Governmental Funds (Exhibit C-3) $ 7,637,672
School health and related services revenue (335,558)
Federal expenditures on the Schedule of Expenditures of
Federal Awards (Exhibit K-1) $ 7,302,114
Title: PUBLIC ASSISTANCE GRANT EXPENDITURES
Accounting Policies: The Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all applicable federal
award programs of White Settlement Independent School District. The District’s reporting entity is
defined in Note I of the financial statements. Federal awards received directly from federal agencies, as
well as federal awards passed through other government agencies, are included on the SEFA.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)—Indirect
(F&A) costs.
The expenditures of $216,038 for 4485DRTXP0000001 were incurred in a previous year but are
reported on the Schedule of Expenditures of Federal Awards for the year ended June 30, 2024. This is
the period in which the related project worksheets (PWs) were approved.