Notes to SEFA
Title: General
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the full accrual basis of accounting, which is described in Note 1 of the School District’s notes to the financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of Dalton Board of Education did not elect to use the 10% de minimis cost rate as covered in 2 CFR 200.414.
The accompanying schedule of expenditures of federal awards presents the activity of all federal awards received by
the City of Dalton Board of Education. All federal awards received directly from federal agencies and all federal awards passed through other government agencies are included in this schedule.
Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the full accrual basis of accounting, which is described in Note 1 of the School District’s notes to the financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of Dalton Board of Education did not elect to use the 10% de minimis cost rate as covered in 2 CFR 200.414.
The accompanying schedule of expenditures of federal awards is presented using the full accrual basis of accounting, which is described in Note 1 of the School District’s notes to the financial statements.
Title: Noncash Awards
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the full accrual basis of accounting, which is described in Note 1 of the School District’s notes to the financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of Dalton Board of Education did not elect to use the 10% de minimis cost rate as covered in 2 CFR 200.414.
Expenditures incurred for the food distribution program represent the federally assigned value of nonmonetary assistance for donated commodities received and/or consumed by the system during the current fiscal year. They are included in the total for the National School Lunch Program on the Schedule of Expenditures of Federal Awards. The value of donated commodities distributed totaled $349,096 the year ended June 30, 2024. Expenditures were incurred for donated PPE purchased with federal assistance funds for the COVID-19 response. The funds from the Department of Health and Human Services program Epidemiology and Laboratory Capacity for Infectious Diseases under assistance listing number 93.323 totaled $187,906, and were not included on the Schedule of Expenditures of Federal Awards.
Title: Relationship to Federal Financial Reports
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the full accrual basis of accounting, which is described in Note 1 of the School District’s notes to the financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of Dalton Board of Education did not elect to use the 10% de minimis cost rate as covered in 2 CFR 200.414.
Amounts reported in the accompanying schedule agree with the amounts reported in the related federal financial reports, with the following exceptions:
Federal Revenue per the SEFA $ 11,747,668
Federal E-Rate revenue reported in the general fund not applicable to the SEFA 152,400
Federal Medicaid revenue reported in the general fund not applicable to the SEFA 248,736
Federal ELC donated PPE revenue reported in the general fund not applicable to the SEFA 187,906
Federal Revenue per the fund financial statements $ 12,336,710
Title: De Minimus Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the full accrual basis of accounting, which is described in Note 1 of the School District’s notes to the financial statements.
De Minimis Rate Used: N
Rate Explanation: The City of Dalton Board of Education did not elect to use the 10% de minimis cost rate as covered in 2 CFR 200.414.
The City of Dalton Board of Education did not elect to use the 10% de minimis cost rate as covered in 2 CFR 200.414.