Notes to SEFA
Title: Note 5: Other information
Accounting Policies: The accompanying Schedule of Expenditures and Federal Awards includes the federal grant activity of St. Charles Community Unit School District 303 and is presented on the modified accrual basis. The information in this schedule is 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: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Community Unit School District 303 did not have any insurance coverage in effect that was paid with Federal funds during the fiscal year. Community Unit School District 303 had no loans/loan guarantees outstanding at June 30, 2022. Community Unit School District 303 had no Federal grants requiring matching expenditures.
Title: Note 3: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures and Federal Awards includes the federal grant activity of St. Charles Community Unit School District 303 and is presented on the modified accrual basis. The information in this schedule is 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: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal expenditures presented in the schedule, Community Unit School District 303 provided no federal awards to subrecipients.
Title: Note 4: Non-cash assistance
Accounting Policies: The accompanying Schedule of Expenditures and Federal Awards includes the federal grant activity of St. Charles Community Unit School District 303 and is presented on the modified accrual basis. The information in this schedule is 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: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The follow amounts were expended in the form of non-cash assistance by Community Unit School District 303 and should be included in the Schedule of Expenditures of Federal Awards: Non-Cash Commodities (CFDA 10.555) - $72,591 Other Non-Cash Assistance - Department of Defense Fruits and Vegetable -$211,452. Total Non-Cash Assistance - $284,043.