Notes to SEFA
Title: Noncash Awards - Commodities
Accounting Policies: Expenditures reported on the Schedule are reported on the modified 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 reimbursements. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amount of commodities reported on the Schedule of Expenditures of Federal Awards is the value of commodities received by the District and reported under the National School Lunch Program Assistance listing #10.555. The Value of the commodities received during the fiscal year was $98,815.