Notes to SEFA
Title: FOOD DONATION (COMMODITIES) PROGRAM
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Fulton 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 auditee did not use the de minimis cost rate.
The amounts shown for the Food Donation Program (non-cash assistance commodities) on the schedule of
expenditures of federal awards represent the federally assigned value of nonmonetary assistance for donated
commodities received and/or consumed by the School System during the current fiscal year.
Title: INDIRECT COST RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Fulton 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 auditee did not use the de minimis cost rate.
The School System did not utilize the 10% de minimis indirect cost rate permitted by the Uniform Guidance.