Notes to SEFA
Title: COMMODITIES
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS A SUMMARY OF THE ACTIVITY OF THE DISTRICT'S FEDERAL AWARDS PROGRAMS PRESENTED ON THE MODIFIED ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITUERS ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
NONMONETARY ASSISTANCE IS REPORTED IN THE SCHEDULE AT THE FAIR MARKET VALUE OF THE COMMODITIES RECEIVED AND DISBURSED. THE TOTAL NONMONETARY ASSISTANCE RECEIVED FOR THE YEAR ENDED JUNE 30, 2022 IS $152,230.
Title: SUBRECIPIENTS
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS A SUMMARY OF THE ACTIVITY OF THE DISTRICT'S FEDERAL AWARDS PROGRAMS PRESENTED ON THE MODIFIED ACCRUAL BASIS OF ACCOUNTING. SUCH EXPENDITUERS ARE RECOGNIZED FOLLOWING THE COST PRINCIPLES CONTAINED IN THE UNIFORM GUIDANCE, WHEREIN CERTAIN TYPES OF EXPENDITURES ARE NOT ALLOWABLE OR ARE LIMITED AS TO REIMBURSEMENT.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
NO FEDERAL EXPENDITURES PRESENTED IN THIS SCHEDULE WERE PROVIDED TO SUBRECIPIENTS.