Title: General
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)— Indirect (F&A) costs.
The Schedule of Expenditures of Federal Awards presents the activity of all applicable federal award programs of Fairfield Independent School District. The District’s report entity is defined in Note I of the basic financial statements. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies, are included on the Schedule of Expenditures of Federal Awards.
Title: Basis of Accounting
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)— Indirect (F&A) costs.
The Schedule of Expenditures of Federal Awards is presented using the modified 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: Pass-Through Expenditures
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)— Indirect (F&A) costs.
None of the federal programs expended by the District were provided to subrecipients.
Title: Indirect Costs
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)— Indirect (F&A) costs.
The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)— Indirect (F&A) costs.
Title: Reconciliation of Federal Revenues and Schedule of Expenditures of Federal Awards
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR §200.414(f)— Indirect (F&A) costs.
See the Notes to the SEFA for chart/table.