Notes to SEFA
Title: Indirect Facilities & Administration Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Neoga Community Unit School District #3
and is presented on the modified cash basis of accounting that demonstrates compliance with the regulatory provisions prescribed by the Illinois
State Board of Education, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States
of America. 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
Auditee elected to use 10% de minimis cost rate? No.
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Neoga Community Unit School District #3
and is presented on the modified cash basis of accounting that demonstrates compliance with the regulatory provisions prescribed by the Illinois
State Board of Education, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States
of America. 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
Of the federal expenditures presented in the schedule, Neoga Community Unit School District #3 provided federal awards to subrecipients as follows: N/A
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Neoga Community Unit School District #3
and is presented on the modified cash basis of accounting that demonstrates compliance with the regulatory provisions prescribed by the Illinois
State Board of Education, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States
of America. 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
The following amounts were expended in the form of non-cash assistance by Neoga Community Unit School District #3 and should be included in the Schedule of Expenditures of Federal Awards: Non-cash commodities (AL 10.555): $8,578. Other non-cash assistance - Dept. of Defense Fruits and Vegetables: $14,173. Total Non-Cash: $22,751.
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Neoga Community Unit School District #3
and is presented on the modified cash basis of accounting that demonstrates compliance with the regulatory provisions prescribed by the Illinois
State Board of Education, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States
of America. 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the de minimis cost rate.
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.