Title: 1. 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 Gilmer 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: 2. 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: 3. 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: 4. 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.
Federal revenues per the Statement of Revenues,
Expenditures and Changes in Fund Balance -
Governmental Funds (Exhibit C-3) $ 6,611,819
Less:
IDEA-B funds expended for shared service arrangement (299,572)
JROTC (80,759)
School Health And Related Services (305,318)
Federal expenditures per the Schedule of
Expenditures of Federal Awards (Exhibit K-1) $ 5,926,170