Notes to SEFA
Accounting Policies: NOTE A - BASIS OF PRESENTATION
The accompanying Schedule of Federal Awards Expenditures (the Schedule) includes the federal
award activity of Miamisburg City School District (the District) under programs of the federal
government for the year ended June 30, 2024. 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 District, it is not intended to and does not present the financial position or changes in net
position of the District.
NOTE B – SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the cash basis of accounting. Such
expenditures are recognized following the cost principles contained in Title 2 U.S. Code of
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards, wherein certain types of expenditures may or may not be
allowable or may be limited as to reimbursement.
NOTE C – INDIRECT COST RATE
Thel District has elected not to use the 10-percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
NOTE D – CHILD NUTRITION CLUSTER
The District commingles cash receipts from the U.S. Department of Agriculture with similar State
grants. When reporting expenditures on this Schedule, the School District assumes it expends
federal monies first.
NOTE E – FOOD DONATION PROGRAM
The District reports commodities consumed on the Schedule at the fair value. The District
allocated donated food commodities to the respective program that benefited from the use of
those donated food commodities.
De Minimis Rate Used: N
Rate Explanation: N/A