Notes to SEFA
Title: Reporting Entity
Accounting Policies: The Schedule is presented using the modified accrual basis of accounting, which is described in Note 2 of the School’s basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The School receives funding from the U.S. Department of the Interior, Bureau of Indian Affairs, under the Administrative Cost Grants for Indian Schools (ALN 15.046). This grant is used to fund the School’s administrative costs. Therefore, the School has elected not to use the 10-percent de minimis rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) presents the federal financial assistance programs of Kha’p’o Community School (the “School”). The School’s reporting entity is defined in Note 1 to the financial statements. All federal financial assistance passed through other organizations and government agencies is included within the Schedule. 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).
Title: Federal Award Identification Numbers
Accounting Policies: The Schedule is presented using the modified accrual basis of accounting, which is described in Note 2 of the School’s basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The School receives funding from the U.S. Department of the Interior, Bureau of Indian Affairs, under the Administrative Cost Grants for Indian Schools (ALN 15.046). This grant is used to fund the School’s administrative costs. Therefore, the School has elected not to use the 10-percent de minimis rate allowed under the Uniform Guidance.
The federal granting agency is responsible for providing the School with the Assistance Listing Number (ALN) for each grant or contract. In cases where the federal granting agency did not provide the ALN to the School, other identifying numbers are presented on the Schedule.
In addition, for pass-through awards, the pass-through granting agencies are responsible for providing the School with pass-through grantor numbers. In cases where the passthrough granting agency did not provide this number to the School, it is blank on the Schedule.
Title: Reconciliation of the Schedule of Expenditures of Federal Awards to the Financial Statements
Accounting Policies: The Schedule is presented using the modified accrual basis of accounting, which is described in Note 2 of the School’s basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The School receives funding from the U.S. Department of the Interior, Bureau of Indian Affairs, under the Administrative Cost Grants for Indian Schools (ALN 15.046). This grant is used to fund the School’s administrative costs. Therefore, the School has elected not to use the 10-percent de minimis rate allowed under the Uniform Guidance.
The following is a reconciliation of the expenditures reported on the Schedule to the expenditures reported in the governmental fund financial statements: