Notes to SEFA
Title: Medicaid Reimbursements
Accounting Policies: The Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal awards activity of the District and is
presented on the regulatory basis of accounting. The information in this schedule is presented in accordance with the
requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principle, 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.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% deminimus indirect cost rate.
Medicaid reimbursements are defined as contracts for services and not federal awards, therefore, such reimbursements totalling $616,901 are not covered by the reporting requirements of the Uniform Guidance, and therefore, not included on the Schedule.
Title: Nonmonetary Assistance
Accounting Policies: The Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal awards activity of the District and is
presented on the regulatory basis of accounting. The information in this schedule is presented in accordance with the
requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principle, 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.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% deminimus indirect cost rate.
Nonmonetary assistance is reported at the approximate value as provided by the U.S. Department of Agriculture.
Title: Transfers
Accounting Policies: The Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal awards activity of the District and is
presented on the regulatory basis of accounting. The information in this schedule is presented in accordance with the
requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principle, 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.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% deminimus indirect cost rate.
The District received approval from the Arkansas Department of Education to transfer $420,955 Title II - Part A - Improving Teacher Quality Grants and $314,588 Title IV - Student Support and Academic Enrichment funds to Title I, Part A - Grants to Local Education Agencies.