Notes to SEFA
Title: SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of North Boone Community Unit School District #200 and is presented on the regulatory cash basis of accounting. 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 general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: Auditee did not elect to use 10% de minimis cost rate.
Of the federal expenditures presented in the schedule, North Boone Community Unit School District #200 provided federal awards to subrecipients as follows:
Title: NON-CASH ASSISTANCE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of North Boone Community Unit School District #200 and is presented on the regulatory cash basis of accounting. 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 general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: Auditee did not elect to use 10% de minimis cost rate.
The following amounts were expended in the form of non-cash assistance by North Boone Community Unit School District #200 and should be included in the Schedule of Expenditures of Federal Awards:
Title: OTHER INFORMATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of North Boone Community Unit School District #200 and is presented on the regulatory cash basis of accounting. 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 general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: Auditee did not elect to use 10% de minimis cost rate.
Insurance coverage in effect paid with Federal funds during the fiscal year: