Notes to SEFA
Title: NOTE 2 -Program Costs/Matching Contributions
Accounting Policies: NOTE 1—BASIS OF ACCOUNTING
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as
the Highland School District #203’s financial statements. The Highland School District #203 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 5—FEDERAL INDIRECT RATE
The Highland School District #203 used the federal restricted rate of 4.35 %. The Highland School
District #203 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 grant portion of the
program costs. Entire program costs, including the Highland School District #203’s local matching
share, may be more than shown. Such expenditures are recognized following, as applicable, either
the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal
Governments, or 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 3- Noncash Awards
Accounting Policies: NOTE 1—BASIS OF ACCOUNTING
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as
the Highland School District #203’s financial statements. The Highland School District #203 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 5—FEDERAL INDIRECT RATE
The Highland School District #203 used the federal restricted rate of 4.35 %. The Highland School
District #203 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
Highland School District #203 during the current year and priced as prescribed by USDA.
Title: Note 4- Schoolwide Programs
Accounting Policies: NOTE 1—BASIS OF ACCOUNTING
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as
the Highland School District #203’s financial statements. The Highland School District #203 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 5—FEDERAL INDIRECT RATE
The Highland School District #203 used the federal restricted rate of 4.35 %. The Highland School
District #203 has not elected to use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.
The Highland School District #203 operates a “schoolwide program” in three elementary buildings.
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 Highland School District #203 in its schoolwide
program: Title I (84.010) ($443,723.26); Migrant Education (84.011) ($ 154,245.13)