Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Charleston CUSD 1 and is presented on the
modified cash basis of accounting that demonstrates compliance with regulatory provisions prescribed by the Illinois State Board of Education,
which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America. The
information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the Basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the 10% de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Charleston CUSD 1 and is presented on the
modified cash basis of accounting that demonstrates compliance with regulatory provisions prescribed by the Illinois State Board of Education,
which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America. The
information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the Basic financial statements.
Title: Indirect Facilities & Administration costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Charleston CUSD 1 and is presented on the
modified cash basis of accounting that demonstrates compliance with regulatory provisions prescribed by the Illinois State Board of Education,
which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America. The
information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the Basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the 10% de minimis cost rate.
Auditee elected to use 10% de minimis cost rate? YES X NO
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Charleston CUSD 1 and is presented on the
modified cash basis of accounting that demonstrates compliance with regulatory provisions prescribed by the Illinois State Board of Education,
which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America. The
information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the Basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the 10% de minimis cost rate.
Of the federal expenditures presented in the schedule, Charleston CUSD 1 provided federal awards to subrecipients as
follows: N/A
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Charleston CUSD 1 and is presented on the
modified cash basis of accounting that demonstrates compliance with regulatory provisions prescribed by the Illinois State Board of Education,
which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America. The
information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the Basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the 10% de minimis cost rate.
The following amounts were expended in the form of non-cash assistance by Charleston CUSD 1 and should be included in the Schedule of
Expenditures of Federal Awards: NON-CASH COMMODITIES (AL 10.555): $73,731
OTHER NON-CASH ASSISTANCE - DEPT. OF DEFENSE FRUITS & VEGETABLES $9,997 Total Non-Cash $83,728
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Charleston CUSD 1 and is presented on the
modified cash basis of accounting that demonstrates compliance with regulatory provisions prescribed by the Illinois State Board of Education,
which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America. The
information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in the preparation of, the Basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not elect to use the 10% de minimis cost rate.
Insurance coverage in effect paid with Federal funds during the fiscal year:
Property No
Auto No
General Liability No
Workers Compensation No
Loans/Loan Guarantees Outstanding at June 30: No
District had Federal grants requiring matching expenditures no
(Yes/No)