Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
District’s general ledger.
GAAP
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of Mattituck-Cutchogue Union Free School District (the District) 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). Since the Schedule presents only a
selected portion of the operations of the District, it is not intended to and does not present the
financial position or the respective changes in financial position of the governmental activities,
each major fund, and the aggregate remaining fund information of the District
Title: PASS-THROUGH PROGRAMS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
District’s general ledger.
GAAP
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.
Where the District receives funds from a government entity other than the federal government
(pass-through), the funds are accumulated based upon the Assistance Listing (AL) number
advised by the pass-through grantor.
Identifying numbers, other than the AL numbers, which may be assigned by pass-through
grantors are not maintained in the District’s financial management system. The District has
identified certain pass-through identifying numbers and included them in the schedule of
expenditures of federal awards, as available.
Title: INDIRECT COSTS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
District’s general ledger.
GAAP
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.
Indirect costs are included in the reported expenditures to the extent such costs are included in
the federal financial reports used as the source for the data presented.
Title: MATCHING COSTS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
District’s general ledger.
GAAP
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.
Matching costs, i.e., the District’s or State’s share of certain program costs, are not included in
the schedule of expenditures of federal awards.
Title: NON-MONETARY FEDERAL PROGRAM
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles
generally accepted in the United States and the amounts presented are derived from the
District’s general ledger.
GAAP
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.
The District is the recipient of a federal financial award program that does not result in cash
receipts or disbursements termed a “non-monetary” program. During the year ended June 30,
2024, the District received food commodities, the fair value of which amounted to $31,127, is
presented in the Schedule as National School Lunch Program (Division of Donated Foods, AL
#10.555)