Notes to SEFA
Title: NOTE 3 – CHILD NUTRITION CLUSTER
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Hamilton County Educational Service Center under programs of the federal government for the fiscal year ended June 30, 2024 and is prepared in accordance with the cash basis of accounting. The information on this Schedule is prepared 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 the Hamilton County Educational Service Center, it is not intended to and does not present the financial position, or changes in net position of the Hamilton County Educational Service Center. Such expenditures are recognized following cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CFR Section 200.414 of the Uniform Guidance allows a non-federal entity that has never received a negotiated indirect cost rate to charge a de minimis rate of 10% of modified total direct costs to indirect costs. The Hamilton County Educational Service Center has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Hamilton County Educational Service Center commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the Hamilton County Educational Service Center assumes it expends federal monies first.
Title: NOTE 4 – MATCHING REQUIREMENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Hamilton County Educational Service Center under programs of the federal government for the fiscal year ended June 30, 2024 and is prepared in accordance with the cash basis of accounting. The information on this Schedule is prepared 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 the Hamilton County Educational Service Center, it is not intended to and does not present the financial position, or changes in net position of the Hamilton County Educational Service Center. Such expenditures are recognized following cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CFR Section 200.414 of the Uniform Guidance allows a non-federal entity that has never received a negotiated indirect cost rate to charge a de minimis rate of 10% of modified total direct costs to indirect costs. The Hamilton County Educational Service Center has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Certain Federal Programs require the Hamilton County Educational Service Center to contribute non-Federal funds (matching funds) to support the Federally-funded programs. The Hamilton County Educational Service Center has matching requirements. The Schedule does not include the expenditures of non-Federal matching funds.
Title: NOTE 5 – PASS THROUGH FUNDS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Hamilton County Educational Service Center under programs of the federal government for the fiscal year ended June 30, 2024 and is prepared in accordance with the cash basis of accounting. The information on this Schedule is prepared 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 the Hamilton County Educational Service Center, it is not intended to and does not present the financial position, or changes in net position of the Hamilton County Educational Service Center. Such expenditures are recognized following cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: CFR Section 200.414 of the Uniform Guidance allows a non-federal entity that has never received a negotiated indirect cost rate to charge a de minimis rate of 10% of modified total direct costs to indirect costs. The Hamilton County Educational Service Center has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Hamilton County Educational Service Center was awarded federal program allocations to be administered on behalf of its member school district’s. Please see Notes to the Schedule of Expenditures of Federal Awards for chart/table.