Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the 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 reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Pendleton County Board of Education has elected not to use the 10% indriect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Pendleton County Board of Education 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule represents only the selected portion of the operations of the Pendleton County Board of Education, it is not intended to and does not present the financial position and changes in net position of the Pendleton County Boar of Education .
Title: Donated Food Commodities Value
Accounting Policies: Expenditures reported on the Schedule are reported on the 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 reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Pendleton County Board of Education has elected not to use the 10% indriect cost rate allowed under the Uniform Guidance.
Donated food commodities represent surplus agricultural commodities received rom the U.S Department of Agriculture (AL #10.555), passed-through from the West Virgina Department of Agriculture. Commodities are valued based on amounts as established by the U.S. Department of Agriculture. For the year ended June 30, 2024, total expenditures were $0.
Title: Miscellaneous Federal Awards
Accounting Policies: Expenditures reported on the Schedule are reported on the 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 reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Pendleton County Board of Education has elected not to use the 10% indriect cost rate allowed under the Uniform Guidance.
This Schedule of the Federal Awards includes a miscellaneous federal grant for which there is no Assistant Listing (AL) number. The Commodity Letter of Credit Program (CLOC) $40,345. This program has been included in the Child Nutrition Cluster and AL # 10.555 - National School Lunch.
Title: Schools and Road - Grants to State
Accounting Policies: Expenditures reported on the Schedule are reported on the 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 reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Pendleton County Board of Education has elected not to use the 10% indriect cost rate allowed under the Uniform Guidance.
School and Roads - Grants to States AL # 10.665 Program expendiures of federal awards is based on the amount of federal funds received. The revenues may be used for various purposes which are a part of the general expenditures of the Board of Eduction. As a result, the amount of federal revenues received are presumed to be expended durring the fiscal year
Title: Assistance Listing (Catalog of Federal Domestic Assistance (CFDA)
Accounting Policies: Expenditures reported on the Schedule are reported on the 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 reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Pendleton County Board of Education has elected not to use the 10% indriect cost rate allowed under the Uniform Guidance.
Asistance Listing (AL) has replaced the Catalog of Federal Domestic Assistance (CFDA) for identying programs.
Title: Pass-through to Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the 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 reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Pendleton County Board of Education has elected not to use the 10% indriect cost rate allowed under the Uniform Guidance.
There were no awards passed-through to subreceipients.