Notes to SEFA
Title: DONATED COMMODITIES
Accounting Policies: The schedule of Expenditures of Federal Awards includes the federal grant activity of the Peach County Board of Education (the "School District") and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The School District elected not to use to 10% de minimis cost rate for the year ended June 30, 2022.
The Child Nutrition Cluster includes $219,769 of non-cash expenditures in the form of donated food commodities.
Title: SUBRECIPIENTS
Accounting Policies: The schedule of Expenditures of Federal Awards includes the federal grant activity of the Peach County Board of Education (the "School District") and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The School District elected not to use to 10% de minimis cost rate for the year ended June 30, 2022.
The School District did not pass through any funds to subrecipients for the year ended June 30, 2022.
Title: TRANSFERS
Accounting Policies: The schedule of Expenditures of Federal Awards includes the federal grant activity of the Peach County Board of Education (the "School District") and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The School District elected not to use to 10% de minimis cost rate for the year ended June 30, 2022.
During the year ended June 30, 2022, the School District transferred $115,787 from the Title IV-A - Student Support and Academic Enrichment program to the Title I - Grants to Local Education Agencies program. Expenditures of transferred funds are reflected within the receiving program.