Notes to SEFA
Title: Nonmonetary assistance
Accounting Policies: This schedule includes the fedral awards activity of the District and is presented on the regulatory basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% deminimus indirect cost rate.
Nonmonetary assistance is reported at the approximate value as provided by the Arkansas Department of Education.
Title: Medicaid reimbursements
Accounting Policies: This schedule includes the fedral awards activity of the District and is presented on the regulatory basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% deminimus indirect cost rate.
Medicaid reimbursements are defined as contracts for services and not federal awards, therefore, such reimbursements totaling $1,037,240 are not covered by the reporting requirements of the Uniform Guidance.
Title: Reserve Officers' Training Corp
Accounting Policies: This schedule includes the fedral awards activity of the District and is presented on the regulatory basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10% deminimus indirect cost rate.
Reserve Officers' Training Corps reimbursements are defined as contract for services and not federal awards, therefore, such reimbursements totaling $57,539 are not covered by the reporting requirements of the Uniform Guidance.