Title: GENERAL
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The District’s significant
accounting policies, including the modified accrual basis of accounting, are presented in Note 1 of the
basic financial statements. The SEFA is 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 of the amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR 200.414.(f) – Indirect
(F&A) costs.
The Schedule of Expenditures of Federal Awards (SEFA) presents the activity of all applicable federal
award programs of Cayuga Independent School District. The District’s reporting entity is defined in Note
I of the financial statements. Federal awards received directly from federal agencies, as well as federal
awards passed through other government agencies, are included on the SEFA.
Title: BASIS OF ACCOUNTING
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The District’s significant
accounting policies, including the modified accrual basis of accounting, are presented in Note 1 of the
basic financial statements. The SEFA is 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 of the amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR 200.414.(f) – Indirect
(F&A) costs.
The SEFA is presented using the modified accrual basis of accounting. The District’s significant
accounting policies, including the modified accrual basis of accounting, are presented in Note 1 of the
basic financial statements. The SEFA is 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 of the amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: PASS-THROUGH EXPENDITURES
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The District’s significant
accounting policies, including the modified accrual basis of accounting, are presented in Note 1 of the
basic financial statements. The SEFA is 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 of the amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR 200.414.(f) – Indirect
(F&A) costs.
None of the federal programs expended by the District were provided to subrecipients.
Title: INDIRECT COSTS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The District’s significant
accounting policies, including the modified accrual basis of accounting, are presented in Note 1 of the
basic financial statements. The SEFA is 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 of the amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR 200.414.(f) – Indirect
(F&A) costs.
The District did not elect to use a de minimis cost rate as described at 2 CFR 200.414.(f) – Indirect
(F&A) costs.
Title: RECONCILIATION OF FEDERAL REVENUES AND THE SCHEDULE OF EXPENDITURES OF
FEDERAL AWARDS
Accounting Policies: The SEFA is presented using the modified accrual basis of accounting. The District’s significant
accounting policies, including the modified accrual basis of accounting, are presented in Note 1 of the
basic financial statements. The SEFA is 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 of the amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use a de minimis cost rate as described at 2 CFR 200.414.(f) – Indirect
(F&A) costs.
The following is the reconciliation of federal revenues and the SEFA for the current fiscal year:
Federal revenues per the Statement of Revenues, Expenditures and
Changes in Fund Balance - Governmental Funds (Exhibit C-3) $ 2 ,105,080
School Health and Related Services (SHARS) (248,624)
IDEA-B funds expended for shared service arrangement (61,671)
Federal expenditures per the SEFA (Exhibit K-1) $ 1 ,794,785