Title: NOTE 1 – BASIS OF ACCOUNTING
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Anacortes School District’s
financial statements. The Anacortes 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: The Anacortes School District has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance. The Anacortes School District used the federal
restricted rate of 4.94%
The amounts shown as current year expenses represent only the federal grant portion of the
program costs. Entire program costs, including the Anacortes School District’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.
This Schedule is prepared on the same basis of accounting as the Anacortes School District’s
financial statements. The Anacortes 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
Title: NOTE 2 – FEDERAL DE MINIMIS INDIRECT RATE
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Anacortes School District’s
financial statements. The Anacortes 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: The Anacortes School District has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance. The Anacortes School District used the federal
restricted rate of 4.94%
The amounts shown as current year expenses represent only the federal grant portion of the
program costs. Entire program costs, including the Anacortes School District’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.
The Anacortes School District has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance. The Anacortes School District used the federal
restricted rate of 4.94%.
Title: NOTE 3 – PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Anacortes School District’s
financial statements. The Anacortes 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: The Anacortes School District has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance. The Anacortes School District used the federal
restricted rate of 4.94%
The amounts shown as current year expenses represent only the federal grant portion of the
program costs. Entire program costs, including the Anacortes School District’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.
The amounts shown as current year expenses represent only the federal grant portion of the
program costs. Entire program costs, including the Anacortes School District’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 4 – NONCASH AWARDS
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Anacortes School District’s
financial statements. The Anacortes 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: The Anacortes School District has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance. The Anacortes School District used the federal
restricted rate of 4.94%
The amounts shown as current year expenses represent only the federal grant portion of the
program costs. Entire program costs, including the Anacortes School District’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.
The amount of commodities reported on the schedule is the value of commodities distributed by
the Anacortes School District during the current year and priced as prescribed by the USDA.