Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of Federal awards is presented on the accrual basis of accounting. Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the ten percent de minimis cost rate. Indirect costs are allocated to programs based on pplicable criteria relative to the Federal program.
The accompanying schedule of expenditures of Federal awards (the "Schedule") includes the Federal award activity of Riverside School District (the "District") under programs of the Federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position or changes in financial position of the District.
Title: Reporting Entity
Accounting Policies: The accompanying schedule of expenditures of Federal awards is presented on the accrual basis of accounting. Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the ten percent de minimis cost rate. Indirect costs are allocated to programs based on pplicable criteria relative to the Federal program.
The accompanying Schedule presents the expenditures of all the Federal award programs of the District. The District's reporting entity is defined in Note 1 to the District's basic financial statements. All Federal awards received directly from Federal agencies as well as Federal awards passed-through other government agencies are included in the schedule.
Title: Nonmonetary Federal Awards - Donated Food
Accounting Policies: The accompanying schedule of expenditures of Federal awards is presented on the accrual basis of accounting. Expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the ten percent de minimis cost rate. Indirect costs are allocated to programs based on pplicable criteria relative to the Federal program.
The Commonwealth of Pennsylvania distributes Federal surplus food to institutions (schools, hospitals, and prisons) and to the needy. Expenditures reported in the Schedule of Expenditures of Federal Awards and certain state grants under ALN #10.555 National School Lunch Program and passed through the Pennsyvania Department of Agriculture represent Federal surplus food consumed by the District during the year ended June 30, 2023.