Notes to SEFA
Title: NOTE 1 - REPORTING ENTITY
Accounting Policies: Note 1 - REPORTING ENTITY, NOTE 2 - BASIS OF ACCOUNTING; AND NOTE 3 - PROGRAM CLUSTERS
De Minimis Rate Used: N
Rate Explanation: N - THE DISTRICT DID NOT USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE.
The Lakeview School District (the “District”) is the reporting entity for financial reporting purposes as defined in Note 1 to the District’s financial statements.
Title: NOTE 2- BASIS OF ACCOUNTING
Accounting Policies: Note 1 - REPORTING ENTITY, NOTE 2 - BASIS OF ACCOUNTING; AND NOTE 3 - PROGRAM CLUSTERS
De Minimis Rate Used: N
Rate Explanation: N - THE DISTRICT DID NOT USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE.
The accompanying schedule of expenditures of federal awards has been prepared on the basis of accounting practices prescribed or permitted by the Manual of Accounting and Related Financial Procedures for Pennsylvania School Systems, issued by the Pennsylvania Department of Education.
Title: NOTE 3 - PROGRAM CLUSTERS
Accounting Policies: Note 1 - REPORTING ENTITY, NOTE 2 - BASIS OF ACCOUNTING; AND NOTE 3 - PROGRAM CLUSTERS
De Minimis Rate Used: N
Rate Explanation: N - THE DISTRICT DID NOT USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE.
The following program clusters, as defined by Uniform Guidance, were treated as a single program for determining major programs: Child Nutrition Cluster: CFDA# 10.553 - $ 91, 597, CFDA# 10.555 - $24,293; CFDA# 10.555 - $235,511; CFDA# 10.555 - $85,005 Totaling $436,406 and Special Education Cluster 84027 - $162,932 and 84.173 - $1,317 totaling $164,249.
Title: N/A
Accounting Policies: Note 1 - REPORTING ENTITY, NOTE 2 - BASIS OF ACCOUNTING; AND NOTE 3 - PROGRAM CLUSTERS
De Minimis Rate Used: N
Rate Explanation: N - THE DISTRICT DID NOT USE THE 10 PERCENT DE MINIMIS INDIRECT COST RATE.
N/A