Notes to SEFA
Title: Basis of Accounting
Accounting Policies: This schedule is prepared on the same basis of accounting as the Kent School District’s financial statements.
The Kent 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 Kent School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Kent School District's financial
statements. The Kent 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: Federal Indirect Rate
Accounting Policies: This schedule is prepared on the same basis of accounting as the Kent School District’s financial statements.
The Kent 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 Kent School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Kent School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Kent School District used their 23-24 federal restricted indirect rate of 4.51% with the following exceptions:
CFDA 84.425U The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 10.46% - ESSER III
CFDA 84.425U The Cornavirus Aid, Relief, and Economic Security (CARES) Act used 15.86%
- ESSER One Year Dual & Heritage Language
CFDA 84.425W The American Rescue Plan (ARPA) Act used 3.81% - Homeless Children & Youth Round II
CFDA 84.424F Student Support and Academic Enrichment Grant used 4.29% - Title IV Stronger Connections
CFDA 93.566 Refugee and Entrant Assistance - Discretionary Grants used 4.57% - Afghan Refugee Support to Schools
CFDA 93.566 Refugee and Entrant Assistance - Discretionary Grants used 13.59% Approved Per SOWA
CFDA 93.566 Refugee and Entrant Assistance - Discretionary Grants used 26.60% Approved Per ORIA
Title: Program Costs and Matching Contributions
Accounting Policies: This schedule is prepared on the same basis of accounting as the Kent School District’s financial statements.
The Kent 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 Kent School District has elected not 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 Kent 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.
Title: Non-cash Awards
Accounting Policies: This schedule is prepared on the same basis of accounting as the Kent School District’s financial statements.
The Kent 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 Kent School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of food commodities reported on the schedule is the market value of commodities distributed by the Kent School District
during the current year. The value is determined by the U.S. Department of Agriculture.
Title: School Wide Programs
Accounting Policies: This schedule is prepared on the same basis of accounting as the Kent School District’s financial statements.
The Kent 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 Kent School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Kent School District operates a "schoolwide program" in twenty one elementary buildings and four middle schools. 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 amount was expended by the Kent School District in its
schoolwide program: Title I-A (84.010) $7,923,760.