Notes to SEFA
Title: BASIS POF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Dexter Consolidated Schools for the year ended June 30, 2024 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule only presents a selected portion of the operations of the District, it is not intended to and does not present the financial position or changes in net position of the Dexter Consolidated Schools.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10% de minimis cost rate for the current year
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Dexter Consolidated Schools for the year ended June 30, 2024 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule only presents a selected portion of the operations of the District, it is not intended to and does not present the financial position or changes in net position of the Dexter Consolidated Schools.
Title: NON-CASH ASSISTANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Dexter Consolidated Schools for the year ended June 30, 2024 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule only presents a selected portion of the operations of the District, it is not intended to and does not present the financial position or changes in net position of the Dexter Consolidated Schools.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10% de minimis cost rate for the current year
The District did not receive non-cash federal assistance for the year ended June 30, 2024.
Title: SUB RECEIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Dexter Consolidated Schools for the year ended June 30, 2024 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule only presents a selected portion of the operations of the District, it is not intended to and does not present the financial position or changes in net position of the Dexter Consolidated Schools.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10% de minimis cost rate for the current year
The District provided no federal awards to sub recipients for the year ended June 30, 2024.
Title: COST RATE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Dexter Consolidated Schools for the year ended June 30, 2024 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule only presents a selected portion of the operations of the District, it is not intended to and does not present the financial position or changes in net position of the Dexter Consolidated Schools.
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10% de minimis cost rate for the current year
The District did not use the 10% de minims cost rate for the current year.