Notes to SEFA
Title: Note 3 - Schoolwide Programs
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Lopez Island School District's financial statements. The 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: The Lopez Island School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Lopez Island School District used the federal restricted rate of 11.1% and the federal unrestricted rate of 31.31%.
The Lopez Island School District operates a “schoolwide program” in one elementary building. 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 District in its schoolwide program: Title I (84.010)
($93,952.29).