Title: NOTE 1 - REPORTING ENTITY BASIS OF PRESENTATION AND ACCOUNTING
Accounting Policies: Generally accepted accounting principals
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate allocation.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of DeafLEAD and has been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles. The information in this schedule is also 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: NOTE 2 - SUB-RECIPIENTS
Accounting Policies: Generally accepted accounting principals
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate allocation.
None of the federal expenditures presented in the schedule were provided to sub-recipients.
Title: NOTE 3 - DESCRIPTION OF MAJOR FEDERAL PROGRAM
Accounting Policies: Generally accepted accounting principals
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate allocation.
The objectives of the Substance Abuse and Mental Health Services Projects of Regional and National Significance Program are to expand the availability of effective substance abuse treatment and recovery services available to Americans to improve the lives of those affected by alcohol and drug addictions, and to reduce the impact of alcohol and drug abuse on individuals, families, communities and societies and to address priority mental health needs of regional and national significance and assist children in coping with violence and traumatic events through grant and cooperative agreements.
Title: NOTE 4 - NONCASH ASSISTANCE
Accounting Policies: Generally accepted accounting principals
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate allocation.
The Organization received no noncash assistance during the fiscal year.
Title: NOTE 5 - INSURANCE
Accounting Policies: Generally accepted accounting principals
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate allocation.
The federal programs presented in the previous schedule did not have separate program-specific insurance policies.
Title: NOTE 6 - LOANS/LOAN GUARANTEES/INTEREST SUBSIDIES
Accounting Policies: Generally accepted accounting principals
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate allocation.
The federal programs presented in the previous schedule did not have any loans, loan guarantees, or interest subsidies associated with them.
Title: NOTE 7 - DE MINIMIS COST RATE
Accounting Policies: Generally accepted accounting principals
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate allocation.
The Organization has elected to use the 10% de minimis indirect cost rate allocation.
Title: NOTE 8 - DONATED PERSONAL PROTECTIVE EQUIPMENT
Accounting Policies: Generally accepted accounting principals
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate allocation.
The District did not receive any donated personal protective equipment during the year ended June 30, 2024.