Title: Note 1 - Basis of Accounting
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School
District’s financial statements. The Mossyrock School District uses the modified accrual
basis of accounting. Expenditures represent only the federally funded portions of the
program. District records should be consulted to determine amounts expended or
matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The Mossyrock School District has not elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance. The Mossyrock School District used the
federal restricted rate of 6.63%.
This Schedule is prepared on the same basis of accounting as the Mossyrock School
District’s financial statements. The Mossyrock School District uses the modified accrual
basis of accounting. Expenditures represent only the federally funded portions of the
program. District records should be consulted to determine amounts expended or
matched from nonfederal sources.
Title: Note 2 – FEDERAL DE MINIMIS INDIRECT RATE
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School
District’s financial statements. The Mossyrock School District uses the modified accrual
basis of accounting. Expenditures represent only the federally funded portions of the
program. District records should be consulted to determine amounts expended or
matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The Mossyrock School District has not elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance. The Mossyrock School District used the
federal restricted rate of 6.63%.
The Mossyrock School District has not elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance. The Mossyrock School District used the
federal restricted rate of 6.63%.
Title: Note 3 - Federal Loans
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School
District’s financial statements. The Mossyrock School District uses the modified accrual
basis of accounting. Expenditures represent only the federally funded portions of the
program. District records should be consulted to determine amounts expended or
matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The Mossyrock School District has not elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance. The Mossyrock School District used the
federal restricted rate of 6.63%.
The Mossyrock School District does not have a federal loan for the 2023-2024 school
year.
Title: Note 4 - Program Costs/Matching Contributions
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School
District’s financial statements. The Mossyrock School District uses the modified accrual
basis of accounting. Expenditures represent only the federally funded portions of the
program. District records should be consulted to determine amounts expended or
matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The Mossyrock School District has not elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance. The Mossyrock School District used the
federal restricted rate of 6.63%.
The amounts shown as current year expenses represent only the federal award portion
of the program costs. The Mossyrock School District does not have matching
contributions.
Title: Note 5 - Noncash Awards
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School
District’s financial statements. The Mossyrock School District uses the modified accrual
basis of accounting. Expenditures represent only the federally funded portions of the
program. District records should be consulted to determine amounts expended or
matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The Mossyrock School District has not elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance. The Mossyrock School District used the
federal restricted rate of 6.63%.
The amount of commodities reported on the schedule is the value of commodities
distributed by the Mossyrock School District during the current year and priced as
prescribed by USDA.
Title: Note 6 - Schoolwide Programs
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School
District’s financial statements. The Mossyrock School District uses the modified accrual
basis of accounting. Expenditures represent only the federally funded portions of the
program. District records should be consulted to determine amounts expended or
matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The Mossyrock School District has not elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance. The Mossyrock School District used the
federal restricted rate of 6.63%.
The Mossyrock School District operates a “schoolwide program” in three buildings.
Using federal funding, schoolwide programs are designed to upgrade an entire
educational program within a school for all students, rather than limit services to certain
targeted students. The following federal program amounts were expended by the
Mossyrock School District in its schoolwide program: Title I (84.010) $176,084.29,
Migrant Education (84.011) $35,501.83.
Title: Note 7 - Transferability
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School
District’s financial statements. The Mossyrock School District uses the modified accrual
basis of accounting. Expenditures represent only the federally funded portions of the
program. District records should be consulted to determine amounts expended or
matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The Mossyrock School District has not elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance. The Mossyrock School District used the
federal restricted rate of 6.63%.
As allowed by federal regulations, the Mossyrock School District elected to maintain
transferable Title program funds. The district although given transferability from Title II,
and Title IV, did not transfer allowable funds to Title I REAP.
Title: Note 8 - Small rural Schools Achievement (SRSA)
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School
District’s financial statements. The Mossyrock School District uses the modified accrual
basis of accounting. Expenditures represent only the federally funded portions of the
program. District records should be consulted to determine amounts expended or
matched from nonfederal sources.
De Minimis Rate Used: N
Rate Explanation: The Mossyrock School District has not elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance. The Mossyrock School District used the
federal restricted rate of 6.63%.
As allowed by federal regulations, the Mossyrock School District expended $36,626.00
from its Small Rural Schools Achievement (SRSA) Alternative Uses of Funds Program
(84.358) for activities of the Student Support and Academic Achievement Enrichment
Program (84.424). This amount is reflected in the expenditures of 84.041.