Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles
contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Board has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the Gordon County Board of Education (the
"Board") under programs of the federal government for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
(Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Board, it is not intended to and does not present [the
financial position or changes in net position of the Board.
Title: Schoolwide Consolidation of Funds
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles
contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Board has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Federal, state, and local funds were consolidated into one fund to support Title I schools operating a schoolwide program. The following federal programs and
amounts were included in this schoolwide consolidation of funds: ALN Program Name Amount
84.010A Title I Grants to Local Educational Agencies $ 1,540,232.98
84367A Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) 273,997.00
84.424A Student Support and Academic Enrichment Program 124,290.00
Total Federal Funds in Schoolwide Consolidation of Funds $ 1,938,519.98