Notes to SEFA
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
applicable cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards, wherein certain types of expenditures are not allowable or limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Dickinson Public School District has not elected to use the 10-percent de minimis cost rate as
allowed under the Uniform Guidance.
The accompanying schedule includes the federal award activity of Dickinson Public School
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 (CFR) 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 Dickinson Public School District, it is not
intended to and does not present the financial position, changes in net position, or cash flows of
Dickinson Public School District. The amounts reported on the schedule have been reconciled to
and are in agreement with amounts recorded in the accounting records from which the financial
statements have been reported.
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
applicable cost principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Awards, wherein certain types of expenditures are not allowable or limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Dickinson Public School District has not elected to use the 10-percent de minimis 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 commodities received and disbursed.