Notes to SEFA
Title: NOTE 3 - PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Bremerton School District’s (BSD) financial statements. Bremerton 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 Bremerton School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Bremerton School District used the federal (restricted/unrestricted) rate of 5.27/15.14%.
The amounts shown as current year expenses represent only the federal award portion of the program costs. Entire program costs, including Bremerton 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. Administrative, Budgeting and Financial Reporting.
Title: NOTE 4 - NONCASH AWARDS
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Bremerton School District’s (BSD) financial statements. Bremerton 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 Bremerton School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Bremerton School District used the federal (restricted/unrestricted) rate of 5.27/15.14%.
The Bremerton School District did not receive any non-cash awards reportable on the SEFA.
Title: NOTE 5 - SCHOOLWIDE PROGRAMS
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Bremerton School District’s (BSD) financial statements. Bremerton 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 Bremerton School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Bremerton School District used the federal (restricted/unrestricted) rate of 5.27/15.14%.
The Bremerton School District operates a “schoolwide program”. 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. BSD has 6 elementary, 1 middle and 2 high schools. The following federal program amounts were expended by BSD in its schoolwide program: Title I 84.010 $1,621,775; Migrant Education 84.011 $55,277.