Notes to SEFA
Title: National School Lunch Program - Donated Food
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Cobb County Board of Education and is presented on the 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 financial statements.
De Minimis Rate Used: N
Rate Explanation: The Cobb County Board of Education did not utilize the 10% de minimis indirect cost rate permitted by the Uniform Guidance.
The amounts shown for National School Lunch Program - Donated Food on the scheudle of expenditures of federal awards represent the federally assigned value of nonmonetary assistance for donated foosf received and/or consumed by the Cobb County Board of Education during the current fiscal year.