Notes to SEFA
Title: Note A - Organization and Scope
Accounting Policies: The accompanying schedule of expenditures of federal and certain state awards includes the federal grant activity of the School District of Upper Moreland Township and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amount presented in, or used in the presentation or, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The School District has not elected the use of 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.
All federal programs as listed in the schedule of expenditures of federal and certain state awards are accounted for by the School District in the General Fund except for the U.S. Department of Agriculture programs which are accounted for in the School District's Food Service Fund.
Title: Note B - Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal and certain state awards includes the federal grant activity of the School District of Upper Moreland Township and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amount presented in, or used in the presentation or, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The School District has not elected the use of 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.
The accompanying schedule of expenditures of federal and certain state awards includes the federal grant activity of the School District of Upper Moreland Township and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amount presented in, or used in the presentation or, the basic financial statements.
Title: Note C - Donated Foods
Accounting Policies: The accompanying schedule of expenditures of federal and certain state awards includes the federal grant activity of the School District of Upper Moreland Township and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amount presented in, or used in the presentation or, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The School District has not elected the use of 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.
Donated foods were valued according to cost estimates provided by the U.S. Department of Agriculture.
Title: Note D - Indirect Costs Rates
Accounting Policies: The accompanying schedule of expenditures of federal and certain state awards includes the federal grant activity of the School District of Upper Moreland Township and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amount presented in, or used in the presentation or, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The School District has not elected the use of 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.
The School District has not elected the use of 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.