Notes to SEFA
Title: Note 1 - Non Cash Awards
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of Havana Community Unit School District No. 126. Federal awards passed through other government agencies are included on the schedule. Such amounts received as pass-through awards are specifically identified on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: Indirect Cost Rate:
Havana Community Unit School District No. 126 elects to use the 10% de minimus indirect cost rate.
Havana Community Unit School District No. 126 received a non-cash federal award in the amount of $29,711 from U.S. Department of Agriculture Food Commodities Program, CFDA #10.555 and a non-cash federal award in the amount of $1,822 from the U.S. Department of Defense Fresh Fruits and Vegetables Program, CFDA #10.555 during the year ended June 30, 2024.
Title: Note 2 - Subrecipients (Payments to Other Districts)
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of Havana Community Unit School District No. 126. Federal awards passed through other government agencies are included on the schedule. Such amounts received as pass-through awards are specifically identified on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: Indirect Cost Rate:
Havana Community Unit School District No. 126 elects to use the 10% de minimus indirect cost rate.
Of the federal expenditures presented in the schedule of expenditures of federal awards, the Havana Community Unit School District No. 126 provided no federal awards to subrecipients.
Title: Note 3 - Contingencies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of Havana Community Unit School District No. 126. Federal awards passed through other government agencies are included on the schedule. Such amounts received as pass-through awards are specifically identified on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: Indirect Cost Rate:
Havana Community Unit School District No. 126 elects to use the 10% de minimus indirect cost rate.
The District receives awards under various federal grant programs which must be expended according to provisions established by the various grants. Compliance with the grant provisions are subject to audit by the various granting agencies which may impose sanctions in the event of non-compliance. Management believes they have complied with all aspects of the grant provisions and they feel the results of any adjustments would have an immaterial impact on the financial statements taken as a whole.
Title: Note 4 - Insurance, Loans and Loan Guarantees outstanding
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of Havana Community Unit School District No. 126. Federal awards passed through other government agencies are included on the schedule. Such amounts received as pass-through awards are specifically identified on the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: Y
Rate Explanation: Indirect Cost Rate:
Havana Community Unit School District No. 126 elects to use the 10% de minimus indirect cost rate.
As of June 30, 2024, there was no federal insurance in effect and no loans or loan guarantees outstanding.