Notes to SEFA
Accounting Policies: NOTE A – BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award
activity of the Gallia County Local School District, Gallia County (the School District) under programs of the
federal government for the year ended June 30, 2024. The information on this Schedule is prepared 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). Because the Schedule presents only a selected portion of the operations of the School District,
it is not intended to and does not present the financial position, changes in net position, or cash flows of the
School District.
NOTE B – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures
are recognized following the cost principles contained in Uniform Guidance wherein certain types of
expenditures may or may not be allowable or may be limited as to reimbursement.
NOTE C – INDIRECT COST RATE
The School District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
NOTE D - CHILD NUTRITION CLUSTER
The School District commingles cash receipts from the U.S. Department of Agriculture with similar State
grants. When reporting expenditures on this Schedule, the School District assumes it expends federal
monies first.
NOTE E – FOOD DONATION PROGRAM
The School District reports commodities consumed on the Schedule at the entitlement value. The School
District allocated donated food commodities to the respective program that benefitted from the use of those
donated food commodities.
De Minimis Rate Used: N
Rate Explanation: n/a