Notes to SEFA
Title: Note 3: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards Includes the federal grant activity of Norris City-Omaha-Enfield CUSD #3 and is presented on the modified cash basis of accounting. The Information in this schedule ls presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10% de minimis cost rate.
Of the federal expenditures presented in the schedule, Norris City-Omaha-Enfield CUSD #3 did not provide any federal awards to subrecepients.
Title: Note 4: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards Includes the federal grant activity of Norris City-Omaha-Enfield CUSD #3 and is presented on the modified cash basis of accounting. The Information in this schedule ls presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10% de minimis cost rate.
The following amounts were expended in the form of non-cash assistance by Norris City-Omaha-Enfield CUSD #3 and are included in the Schedule of Expenditures of Federal Awards: NON-CASH COMMODITIES (AL 10.5SS)**:
$14,181 OTHER NON-CASH ASSISTANCE - DEPT. OF DEFENSE FRUITS & VEGETABLES $5,942 TOTAL NON-CASH $20,123.
Title: Note 5: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards Includes the federal grant activity of Norris City-Omaha-Enfield CUSD #3 and is presented on the modified cash basis of accounting. The Information in this schedule ls presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The auditee elected to use the 10% de minimis cost rate.
Insurance coverage in effect paid with Federal funds during the fiscal year: Property $0 Auto $0 General Liability $0 Workers Compensation $0 Loans/Loan Guarantees Outstanding at June 30 $0 District had Federal grants requiring matching expenditures NO