Notes to SEFA
Title: NONMONETARY TRANSACTIONS
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards (the "Schedule") are
reported on the accrual basis of accounting. Such expenditures 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 District has not elected to use the 10-percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
The District receives commodities through the food distribution program and the assistance is
valued at the fair value of the commodities received and disbursed.
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards (the "Schedule") are
reported on the accrual basis of accounting. Such expenditures 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 District has not elected to use the 10-percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
The accompanying Schedule includes the federal award activity of TGU Public School District
No. 60 under programs of the federal government for the year ended June 30, 2024. The
information in this schedule 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). Because the Schedule
presents only a selected portion of the operations of TGU Public School District No. 60, it is not
intended to and does not present the financial position or changes in net position of the District.
Title: PASS-THROUGH ENTITIES
Accounting Policies: Expenditures reported on the Schedule of Expenditures of Federal Awards (the "Schedule") are
reported on the accrual basis of accounting. Such expenditures 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 District has not elected to use the 10-percent de minimis indirect cost rate as allowed under
the Uniform Guidance.
All pass-through entities listed above use the same AL numbers as the federal grantors to
identify these grants, and have not assigned any additional identifying numbers.