Notes to SEFA
Title: Commodities
Accounting Policies: This statement is prepared using the same basis of accounting as the District's financial statements. The District uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: All costs reported are direct costs. The District has not elected to use the 10% de minimus indirect rate.
The amount of commodities reported on the schedule is the value of commodities received by the District in the current year and are priced as prescribed by the Wisconsin Department of Public Instruction.
Title: Subrecipients
Accounting Policies: This statement is prepared using the same basis of accounting as the District's financial statements. The District uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: All costs reported are direct costs. The District has not elected to use the 10% de minimus indirect rate.
There are no subrecipients.