Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Modified cash basis of accounting
De Minimis Rate Used: N
Rate Explanation: None.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Auburn CUSD #10 and is presented on the modified cash basis of accounting under guidelines prescribed by the Illinois State Board of Education. 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.
Title: Indirect Facilities & Administration Costs
Accounting Policies: Modified cash basis of accounting
De Minimis Rate Used: N
Rate Explanation: None.
Auditee did not elect to use the 10% de minimis cost rate.
Title: Subrecipients
Accounting Policies: Modified cash basis of accounting
De Minimis Rate Used: N
Rate Explanation: None.
Auditee did not provide federal awards to subrecipients
Title: Non-Cash Assistance
Accounting Policies: Modified cash basis of accounting
De Minimis Rate Used: N
Rate Explanation: None.
NON-CASH COMMODITIES (AL 10.555)**: $22,627 //// OTHER NON-CASH ASSISTANCE - DEPT. OF DEFENSE FRUITS & VEGETABLES : $21,834 //// Total $44,461
Title: Other Information
Accounting Policies: Modified cash basis of accounting
De Minimis Rate Used: N
Rate Explanation: None.
No insurance coverage in effect paid with federal funds during the year.