Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Grant revenues and expenditures in the schedules, with the exception of the child nutrition cluster, are presented in accordance with the modified accrual basis of accounting and are generally in agreement with revenues and expenditures reported in the District’s 2024 governmental fund financial statements. The child nutrition cluster revenues and expenditures are included in the Food Service enterprise fund and are presented in accordance with the accrual basis of accounting and are generally in agreement with the revenues and expenditures reported in the Districts 2024 proprietary fund financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Wisconsin State Single Audit Guidelines, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Accrued revenue at yearend consists of federal and state program expenditures scheduled for reimbursement to the District in the succeeding year while unearned revenue represents advances for federal and state programs that exceed recorded District expenditures. Because of subsequent program adjustments, these amounts may differ from the prior year’s ending balances.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to charge a de minimis rate of 10% for indirect costs.
The accompanying schedules of expenditures of federal and state awards for the School District of Lodi (the District) are 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) and the State Single Audit Guidelines issued by the Wisconsin Department of Administration. The schedules of expenditures of federal and state awards include all federal and state awards of the District. Because the schedules present 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.
Title: SPECIAL EDUCATION AND SCHOOL AGE PARENTS PROGRAM
Accounting Policies: Grant revenues and expenditures in the schedules, with the exception of the child nutrition cluster, are presented in accordance with the modified accrual basis of accounting and are generally in agreement with revenues and expenditures reported in the District’s 2024 governmental fund financial statements. The child nutrition cluster revenues and expenditures are included in the Food Service enterprise fund and are presented in accordance with the accrual basis of accounting and are generally in agreement with the revenues and expenditures reported in the Districts 2024 proprietary fund financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Wisconsin State Single Audit Guidelines, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Accrued revenue at yearend consists of federal and state program expenditures scheduled for reimbursement to the District in the succeeding year while unearned revenue represents advances for federal and state programs that exceed recorded District expenditures. Because of subsequent program adjustments, these amounts may differ from the prior year’s ending balances.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to charge a de minimis rate of 10% for indirect costs.
2023-2024 eligible costs under the State Special Education Program are $3,762,392.
Title: OVERSIGHT AGENCIES
Accounting Policies: Grant revenues and expenditures in the schedules, with the exception of the child nutrition cluster, are presented in accordance with the modified accrual basis of accounting and are generally in agreement with revenues and expenditures reported in the District’s 2024 governmental fund financial statements. The child nutrition cluster revenues and expenditures are included in the Food Service enterprise fund and are presented in accordance with the accrual basis of accounting and are generally in agreement with the revenues and expenditures reported in the Districts 2024 proprietary fund financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Wisconsin State Single Audit Guidelines, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Accrued revenue at yearend consists of federal and state program expenditures scheduled for reimbursement to the District in the succeeding year while unearned revenue represents advances for federal and state programs that exceed recorded District expenditures. Because of subsequent program adjustments, these amounts may differ from the prior year’s ending balances.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to charge a de minimis rate of 10% for indirect costs.
The federal and state oversight agencies for the District are as follows:
Federal - U.S. Department of Education
State - Wisconsin Department of Public Instruction
Title: PASS THROUGH ENTITIES
Accounting Policies: Grant revenues and expenditures in the schedules, with the exception of the child nutrition cluster, are presented in accordance with the modified accrual basis of accounting and are generally in agreement with revenues and expenditures reported in the District’s 2024 governmental fund financial statements. The child nutrition cluster revenues and expenditures are included in the Food Service enterprise fund and are presented in accordance with the accrual basis of accounting and are generally in agreement with the revenues and expenditures reported in the Districts 2024 proprietary fund financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Wisconsin State Single Audit Guidelines, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Accrued revenue at yearend consists of federal and state program expenditures scheduled for reimbursement to the District in the succeeding year while unearned revenue represents advances for federal and state programs that exceed recorded District expenditures. Because of subsequent program adjustments, these amounts may differ from the prior year’s ending balances.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to charge a de minimis rate of 10% for indirect costs.
Federal awards have been passed through the following entities:
WI DHS - Wisconsin Department of Health Services
WI DPI - Wisconsin Department of Public Instruction
CESA #5 – Cooperative Educational Service Agency No. 5