Notes to SEFA
Title: Basis of Presentation
Accounting Policies: See Attached
De Minimis Rate Used: N
Rate Explanation: See Attached
– The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal award activity of Harlan Community School District 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 Harlan Community School District, it is not intended to and does not present the financial position, changes in financial position or cash flows of Harlan Community School District.
Title: Summary of Significant Accounting Policies
Accounting Policies: See Attached
De Minimis Rate Used: N
Rate Explanation: See Attached
Expenditures reported in the Schedule are reported on the accrual or modified 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.
Title: Indirect Cost Rate
Accounting Policies: See Attached
De Minimis Rate Used: N
Rate Explanation: See Attached
– Harlan Community School District uses a federally negotiated indirect cost rate as allowed under the Uniform Guidance.