Notes to SEFA
Title: ORGANIZATION AND SCOPE
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis or the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The federal programs as listed in the schedule of expenditures of federal awards are accounted for by the School in the General Fund for U.S. Department of Education programs and in the Food Service Fund for U.S. Department of Agriculture programs.
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis or the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis or the accrual basis of accounting, which are described in Note B to the School’s basic financial statements.
Title: DONATED FOODS
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis or the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Emergency Food Assistance Commodity program consists of non-cash donated foods that were valued according to cost estimates provided by the U.S.D.A.
Title: PRGRAM DISCLOSURES
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis or the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
U.S. Department of Education
Funds passed through the Pennsylvania Department of Education under Title I are used primarily to provide education to economically disadvantaged children. Funds received under other grants are used to support instructional programs.
Funds passed through the School District of Philadelphia under Special Education Grants to States are used to provide special education and related services to all children with disabilities.
U.S. Department of Agriculture
Funds passed through the Pennsylvania Departments of Education and Agriculture are used to provide nutritional meals to economically disadvantaged children.
Title: INDIRECT COST RATES
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis or the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The School has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.