Notes to SEFA
Title: Note 1 – Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the cash basis of accounting. Such expenditures are recognized
following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures
may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards (the schedule) is a summary of the activity of the
School District’s federal award programs. 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). Because the schedule presents only a
selected portion of the operations of the School District, it is not intended to and does not present the financial position,
changes in net position, or cash flows of the School District.
Title: Note 4 – Child Nutrition Cluster
Accounting Policies: Expenditures reported on the schedule are reported on the cash basis of accounting. Such expenditures are recognized
following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures
may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The School District commingles cash receipts from the U.S. Department of Agriculture with similar State grants.
When reporting expenditures on this schedule, the School District assumes it expends federal monies first.
Title: Note 5 – Food Donation Program
Accounting Policies: Expenditures reported on the schedule are reported on the cash basis of accounting. Such expenditures are recognized
following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures
may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The School District reports commodities consumed on the schedule at the fair value. The School District allocated
donated food commodities to the respective program that benefitted from the use of those donated food commodities.
Title: Note 6 – Subrecipients
Accounting Policies: Expenditures reported on the schedule are reported on the cash basis of accounting. Such expenditures are recognized
following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures
may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The School District passes certain federal awards received from the Ohio Department of Education and Workforce to
another government (subrecipient). As note 2 describes, the School District reports expenditures of federal awards to
subrecipients when pain in cash.
As a pass-through entity, the School District has certain compliance responsibilities, such as monitoring its
subrecipients to help assure they use these subawards as authorized by law, regulations, and the provisions of contracts
or grant agreements, and that subrecipients achieve the award’s performance goals.