Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: Cash
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use 10% de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of DePue CUSD No. 103 and is presented on the Cash Basis of Accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. 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: Indirect Facilities & Administration Costs
Accounting Policies: Cash
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use 10% de minimis cost rate.
Auditee did not elect to use 10% de minimus cost rate.
Title: Note 3: Subrecipients
Accounting Policies: Cash
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use 10% de minimis cost rate.
Of the federal expenditures presented in the Schedule, DePue CUSD No. 103 provided $0 federal awards to subrecipients.
Title: Note 4: Non-Cash Assistance
Accounting Policies: Cash
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use 10% de minimis cost rate.
The folling amounts were expended in the form of non-cash assistance by DePue CUSD No. 103 and should be included in the Schedule of Federal Awards: Non- Cash Commodities - $3,479; Other Non-Cash Assistance - Dept. of Defense Fruits & Vegetables - $18,602; Total Non Cash - $22,081
Title: Note 5: Other Information
Accounting Policies: Cash
De Minimis Rate Used: N
Rate Explanation: The auditee elected not to use 10% de minimis cost rate.
No Insurance coverage in effect paid with federal funds during this fiscal year.