Notes to SEFA
Title: NONMONETARY TRANSACTIONS
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards (the
"Schedule") are reported on the accrual basis of accounting. 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. Negative amounts shown on
the Schedule represent adjustments or credits made in the normal course of business to amounts
reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Grafton Public School District No. 18 has not elected to use the 10-percent de minimis indirect
cost rate as allowed under the Uniform Guidance.
The District receives commodities through the food distribution program and the assistance is
valued at the fair value of the commodities received and disbursed.
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards (the
"Schedule") are reported on the accrual basis of accounting. 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. Negative amounts shown on
the Schedule represent adjustments or credits made in the normal course of business to amounts
reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Grafton Public School District No. 18 has not elected to use the 10-percent de minimis indirect
cost rate as allowed under the Uniform Guidance.
The Schedule includes the federal award activity of Grafton Public School District No. 18 under
programs of the federal government for the year ended June 30, 2024. 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). Because the Schedule presents only a
selected portion of the operations of Grafton Public School District No. 18, it is not intended to
and does not present the financial position or changes in net position of the District.
Title: RECONCILIATION OF FEDERAL REVENUES TO THE SCHEDULE OF FEDERAL AWARDS
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards (the
"Schedule") are reported on the accrual basis of accounting. 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. Negative amounts shown on
the Schedule represent adjustments or credits made in the normal course of business to amounts
reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Grafton Public School District No. 18 has not elected to use the 10-percent de minimis indirect
cost rate as allowed under the Uniform Guidance.
SEE THE NOTES TO THE SEFA FOR TABLE
Title: PASS-THROUGH ENTITIES
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal awards (the
"Schedule") are reported on the accrual basis of accounting. 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. Negative amounts shown on
the Schedule represent adjustments or credits made in the normal course of business to amounts
reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Grafton Public School District No. 18 has not elected to use the 10-percent de minimis indirect
cost rate as allowed under the Uniform Guidance.
All pass-through entities listed above use the same AL numbers as the federal grantors to identify
these grants and have not assigned any additional identifying numbers.