Notes to SEFA
Title: REPORTING ENTITY
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is prepared on the modified accrual basis of
accounting. The amounts shown as expenditures of CFDA #10.555 National School Lunch Program
Commodities represents the fair value of commodity food received by the District for the year ended June
30, 2024.
De Minimis Rate Used: N
Rate Explanation: The District's indirect cost rate approved by the Nevada Department of Education for the year ended June
30, 2024 was 4.24%.
The accompanying Schedule of Expenditures of Federal Awards presents the expenditure activity of all federal
award programs of the Douglas County School District (the District) for the year ended June 30, 2024. The District's reporting entity is defined in Note 1 to its basic financial statements. All expenditures of federal
awards received directly from federal agencies as well as federal awards passed through other government
agencies are included in the Schedule of Expenditures of Federal Awards.
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is prepared on the modified accrual basis of
accounting. The amounts shown as expenditures of CFDA #10.555 National School Lunch Program
Commodities represents the fair value of commodity food received by the District for the year ended June
30, 2024.
De Minimis Rate Used: N
Rate Explanation: The District's indirect cost rate approved by the Nevada Department of Education for the year ended June
30, 2024 was 4.24%.
The accompanying Schedule of Expenditures of Federal Awards is prepared on the modified accrual basis of
accounting. The amounts shown as expenditures of CFDA #10.555 National School Lunch Program
Commodities represents the fair value of commodity food received by the District for the year ended June
30, 2024.
Title: INDIRECT COST RATE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is prepared on the modified accrual basis of
accounting. The amounts shown as expenditures of CFDA #10.555 National School Lunch Program
Commodities represents the fair value of commodity food received by the District for the year ended June
30, 2024.
De Minimis Rate Used: N
Rate Explanation: The District's indirect cost rate approved by the Nevada Department of Education for the year ended June
30, 2024 was 4.24%.
The District's indirect cost rate approved by the Nevada Department of Education for the year ended June
30, 2024 was 4.24%.