Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on a modified accrual basis of accounting. Such expenditures are recognized following the cost principals contained in the Uniform Guidance, wherein certain types of expenditures are not allowance, or limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The District has not elected to use the 10 percent de minimus indirect cost rate, as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The District utilizes the restricted 3.6%/unrestricted10.6% rates set by New York State and approved by New York State on an award-by-award basis.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of Rochester City School District, New York (the "District") 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 Principals, and Audit Requirements for Federal Awards ("Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position or cash flows of the District. The following notes were identified on the Schedule: (a) Includes all federal award programs of the Rochester City School District, New York. (b) Source: Federal Assistance Listing Numbers, previously known as Catalog of Fedeal Domestic Assistance. (c) Pass-through entity identifying numbers are presented where available. (d) Prepared under accounting principals generally accepted in the United States of America and includes all federal award programs. (e) A reconciliation to the financial statements is available.
Title: 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on a modified accrual basis of accounting. Such expenditures are recognized following the cost principals contained in the Uniform Guidance, wherein certain types of expenditures are not allowance, or limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The District has not elected to use the 10 percent de minimus indirect cost rate, as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The District utilizes the restricted 3.6%/unrestricted10.6% rates set by New York State and approved by New York State on an award-by-award basis.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Unifom Guidance, wherein certain types of expenditures are not allowable or limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The District has not elected to use the 10 percent de minimus indirect cost rate, as allowed under the Uniform Guidance.
Title: 3. Non-Monetary Federal Program
Accounting Policies: Expenditures reported on the Schedule are reported on a modified accrual basis of accounting. Such expenditures are recognized following the cost principals contained in the Uniform Guidance, wherein certain types of expenditures are not allowance, or limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. The District has not elected to use the 10 percent de minimus indirect cost rate, as allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The District utilizes the restricted 3.6%/unrestricted10.6% rates set by New York State and approved by New York State on an award-by-award basis.
The District is the recipient of a federal award program that does not result in cash receipts or disbursements termed a "non-monetary program." During the year ended June 30, 2024, the District used $1,425,574 worth of commodities.