Notes to SEFA
Title: General
Accounting Policies: The information in this Schedule is presented in accordance with the reuirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requiremnts Cost Principles, and Audit Requrements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes thefederal award activity of West Carroll Parish School Board under programs of the federal government for
the year ended June 30, 2024. 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 (Uniform Guidance). Because the Schedule
presents only a selected portion of the operations of West Carroll Parish School Board, it is not intended to
and does not present the financial position, changes in net assets, or cash flows of West Carroll Parish
School Board.
Title: Basis of Accounting
Accounting Policies: The information in this Schedule is presented in accordance with the reuirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requiremnts Cost Principles, and Audit Requrements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Federal Awards is presented sing the modfied acccrual basis of accounting, wich is described in Note 1 to School Board's basic financial statements for the year end June 30, 2024. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expendiures are not allowable or are limited as to reimbursement.
Title: Noncash Programs
Accounting Policies: The information in this Schedule is presented in accordance with the reuirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requiremnts Cost Principles, and Audit Requrements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The commodities received, which are noncash reveneus, are valued using pricing provided by the United States Departement of Agriculture.
Title: Subrecipients
Accounting Policies: The information in this Schedule is presented in accordance with the reuirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requiremnts Cost Principles, and Audit Requrements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
No amounts were provided to subrecipients
Title: Indirect Cost Rate
Accounting Policies: The information in this Schedule is presented in accordance with the reuirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requiremnts Cost Principles, and Audit Requrements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The School Board has elected not to use 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.