Title: NOTE 1—BASIS OF ACCOUNTING
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Sedro-Woolley’s financial statements. The Sedro-Woolley School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. 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, Costs Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Sedro-Woolley School District used the federal restricted rate of 3.28%. The Sedro-Woolley School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Sedro-Woolley’s financial statements. The Sedro-Woolley School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. 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, Costs Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. District records should be consulted to determine amounts expended or matched from non-federal sources.
Title: NOTE 2—FEDERAL INDIRECT RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Sedro-Woolley’s financial statements. The Sedro-Woolley School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. 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, Costs Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Sedro-Woolley School District used the federal restricted rate of 3.28%. The Sedro-Woolley School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Sedro-Woolley School District used the federal restricted rate of 3.28%. The Sedro-Woolley School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: NOTE 3—PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Sedro-Woolley’s financial statements. The Sedro-Woolley School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. 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, Costs Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Sedro-Woolley School District used the federal restricted rate of 3.28%. The Sedro-Woolley School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the Sedro-Woolley’s local matching share, may be more than shown.
Title: NOTE 4—NONCASH AWARDS
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Sedro-Woolley’s financial statements. The Sedro-Woolley School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. 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, Costs Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Sedro-Woolley School District used the federal restricted rate of 3.28%. The Sedro-Woolley School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of commodities reported on the schedule is the value of commodities distributed by the Sedro-Woolley School District during the current year and priced as prescribed by the U.S. Department of Agriculture.
Title: NOTE 5—SCHOOLWIDE PROGRAMS
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Sedro-Woolley’s financial statements. The Sedro-Woolley School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. 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, Costs Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Sedro-Woolley School District used the federal restricted rate of 3.28%. The Sedro-Woolley School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Sedro-Woolley School District operates a “schoolwide program” in three elementary buildings and one secondary school. Using federal funding, schoolwide programs are designed to upgrade an entire educational program within a school for all students, rather than limit services to certain targeted students. The following federal program amounts were expended by the Sedro-Woolley School District in its schoolwide program: Title I (84.010) ($891,302.79).