Notes to SEFA
Title: Note 3 - Program Costs
Accounting Policies: Note 1 - This Schedule is prepared on the same basis of accounting as the Stevenson Carson School District’s financial statements. The Stevenson Carson School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: Note 2 - The Stevenson Carson School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 15.89% and an indirect rate of 4.9%.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Stevenson Carson School District‘s portion, are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or 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 are not allowable or are limited as to reimbursement.
Title: Note 4 - Noncash Awards
Accounting Policies: Note 1 - This Schedule is prepared on the same basis of accounting as the Stevenson Carson School District’s financial statements. The Stevenson Carson School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: Note 2 - The Stevenson Carson School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 15.89% and an indirect rate of 4.9%.
The amount of commodities reported on the Schedule is the value of commodities received by the Stevenson Carson School District during current year and priced as prescribed by the USDA.
Title: Note 5 - Schoolwide Programs
Accounting Policies: Note 1 - This Schedule is prepared on the same basis of accounting as the Stevenson Carson School District’s financial statements. The Stevenson Carson School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: Note 2 - The Stevenson Carson School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 15.89% and an indirect rate of 4.9%.
The Stevenson Carson School District operates a “schoolwide program” in two elementary buildings. Using federal funding, schoolwide programs are designed to upgrade an entire educational program from within a school for all students, rather than limit services to certain targeted students. The following federal program amounts were expended by the Stevenson-Carson School District in its schoolwide program: Title I (84.010) $271,200.
Title: Note 6 - SRSA
Accounting Policies: Note 1 - This Schedule is prepared on the same basis of accounting as the Stevenson Carson School District’s financial statements. The Stevenson Carson School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: Note 2 - The Stevenson Carson School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 15.89% and an indirect rate of 4.9%.
As allowed by federal regulations, the Stevenson Carson School District expended $8,899 from its Small Rural Schools Achievement (SRSA) Alternative Uses of Funds Program (84.358) for activities of the Student Support and Academic Achievement Enrichment Program.