Notes to SEFA
Title: Note 1: Basis of Accounting
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Renton School District's financial statements. The Renton School District uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Renton School District used the federal restricted rate of 3.03% with the exception to ESSER lll ARP grants, where the Renton School District has elected to use the federal unrestricted rate of 11.3% allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Renton School District's financial statements. The Renton 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 Indirect Rate
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Renton School District's financial statements. The Renton School District uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Renton School District used the federal restricted rate of 3.03% with the exception to ESSER lll ARP grants, where the Renton School District has elected to use the federal unrestricted rate of 11.3% allowed under the Uniform Guidance.
The Renton School District used the federal restricted rate of 3.03% with the exception to ESSER
lll ARP grants, where the Renton School District has elected to use the federal unrestricted rate of 11.3% allowed under the Uniform Guidance.
Title: Note 3: Program Costs/Matching Contributions
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Renton School District's financial statements. The Renton School District uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Renton School District used the federal restricted rate of 3.03% with the exception to ESSER lll ARP grants, where the Renton School District has elected to use the federal unrestricted rate of 11.3% 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 Renton School District's local matching share, may be more than shown.
Title: Note 4: Noncash Awards
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Renton School District's financial statements. The Renton School District uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Renton School District used the federal restricted rate of 3.03% with the exception to ESSER lll ARP grants, where the Renton School District has elected to use the federal unrestricted rate of 11.3% allowed under the Uniform Guidance.
The amount of the commodities reported on the schedule is the value of commodities distributed by
the Renton School District during the current year and priced as prescribed by the United States Department of
Agriculture (USDA}.
Title: Note 5: Schoolwide Programs
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Renton School District's financial statements. The Renton School District uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Renton School District used the federal restricted rate of 3.03% with the exception to ESSER lll ARP grants, where the Renton School District has elected to use the federal unrestricted rate of 11.3% allowed under the Uniform Guidance.
The Renton School District operates a "schoolwide program" in ten 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 Renton School District in its schoolwide programs: Title I (84.010) $ 4,910,269
Title: Note 6: Medical Assistance Program
Accounting Policies: The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Renton School District's financial statements. The Renton School District uses the modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Renton School District used the federal restricted rate of 3.03% with the exception to ESSER lll ARP grants, where the Renton School District has elected to use the federal unrestricted rate of 11.3% allowed under the Uniform Guidance.
The district has reported expenditures of $423,618 for the fiscal year 2023-24. This sum comprises
$310,881.86 from claims originated during the 2022-23 fiscal year and $112,735.64 from claims originated during the 2023-24
fiscal year.