Notes to SEFA
Title: NOTE 3 - FEDERAL INDIRECT RATE
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING
This Schedule is prepared on the same basis of accounting as the Cheney School District’s financial statements. The Cheney School 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: NOTE 2 - FEDERAL DE MINIMIS INDIRECT RATE
The Cheney School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Cheney School District used the federal restricted rate of 0.92% and the federal unrestricted rates of 15.13% & 12.44% on ESSER III funds.
Title: NOTE 4 - PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING
This Schedule is prepared on the same basis of accounting as the Cheney School District’s financial statements. The Cheney School 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: NOTE 2 - FEDERAL DE MINIMIS INDIRECT RATE
The Cheney 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 award portion of the program costs. Entire program costs, including the Cheney School District’s local matching share, may be more than shown. Such expenditures are recognized following, the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 5 - NONCASH AWARDS
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING
This Schedule is prepared on the same basis of accounting as the Cheney School District’s financial statements. The Cheney School 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: NOTE 2 - FEDERAL DE MINIMIS INDIRECT RATE
The Cheney 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 Cheney School Distsrict during the current year and priced as prescribed by USDA.
Title: NOTE 6 - SCHOOLWIDE PROGRAMS
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING
This Schedule is prepared on the same basis of accounting as the Cheney School District’s financial statements. The Cheney School 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: NOTE 2 - FEDERAL DE MINIMIS INDIRECT RATE
The Cheney School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Cheney School District operates a “schoolwide program” in five elementary buildings (Betz, Salnave, Sunset, Windsor and Snowdon Elementary). 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 Cheney School District in its schoolwide program: Title I (84.010) $1,225,597.35.
Title: NOTE 7 — TRANSFERABILITY
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING
This Schedule is prepared on the same basis of accounting as the Cheney School District’s financial statements. The Cheney School 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: NOTE 2 - FEDERAL DE MINIMIS INDIRECT RATE
The Cheney School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
As allowed by federal regulations, the Cheney School District elected to transfer program funds. The district expended $81,539.00 from its Title IV, Student Support and Academic Enrichment Program (84.424) on allowable activities of the Title II, Part A Supporting Effective Instruction State Grants (84.367). This amount is reflected in the expenditures of the Title II, Part A Supporting Effective Instruction State Grants (84.367).