Notes to SEFA
Title: Note 1 - Basis of Accounting
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Soap Lake School District’s financial statements. The Soap Lake 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 Soap Lake School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Soap Lake School District used the federal restricted rate of 5.41% and unrestricted federal rate of 22.6%.
This Schedule is prepared on the same basis of accounting as the Soap Lake School District’s financial statements. The Soap Lake 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 Soap Lake School District’s financial statements. The Soap Lake 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 Soap Lake School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Soap Lake School District used the federal restricted rate of 5.41% and unrestricted federal rate of 22.6%.
The Soap Lake School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 3 - Federal Indirect Rate
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Soap Lake School District’s financial statements. The Soap Lake 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 Soap Lake School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Soap Lake School District used the federal restricted rate of 5.41% and unrestricted federal rate of 22.6%.
The Soap Lake School District used the federal restricted rate of 5.41% and unrestricted federal rate of 22.6%.
Title: Note 4 - Noncash Awards
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Soap Lake School District’s financial statements. The Soap Lake 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 Soap Lake School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Soap Lake School District used the federal restricted rate of 5.41% and unrestricted federal rate of 22.6%.
The schedule reflects the monetary value of food service commodities and tools distributed and utilized by the Soap Lake School District during the current year and priced as prescribed by OSPI Child Nutrition.
Title: Note 5 - Schoolwide Programs
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Soap Lake School District’s financial statements. The Soap Lake 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 Soap Lake School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Soap Lake School District used the federal restricted rate of 5.41% and unrestricted federal rate of 22.6%.
The Soap Lake School District operates a “schoolwide program” in one elementary and in one middle/high school building. 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 Soap Lake School District in its schoolwide program: Title I (84.010) $382,891 ; Title II (84.367) $20,735.
Title: Note 6 - Small Rural Schools Achievement (SRSA)
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Soap Lake School District’s financial statements. The Soap Lake 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 Soap Lake School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Soap Lake School District used the federal restricted rate of 5.41% and unrestricted federal rate of 22.6%.
As allowed by federal regulations, the Soap Lake School District expended $34,671 from its Small Rural Schools Achievement (SRSA) Alternative Uses of Funds Program (84.358) for activities of the Student Support and Academic Achievement Enrichment Program (84.424). This amount is reflected in the expenditures of 84.358.