Notes to SEFA
Title: Note 3 - PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: The schedule is prepared on the same basis of accounting as the Woodland School District's financial statements. The 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 the amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Woodland School District has not elected to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance. The Woodland school District used the federal restricted rate of 1.64% for most programs, unless the direct expenditures were more that the budget less budgeted indirects. For the Education Stabilization Fund, the district used the federal indirect rates up to the maximum as calculated by the Office of Superintendent of Public Instruction as applicable for each grant.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the District's portion, may be more than shown.
Title: Note 4 - NONCASH AWARDS
Accounting Policies: The schedule is prepared on the same basis of accounting as the Woodland School District's financial statements. The 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 the amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Woodland School District has not elected to use the 10 percent de minimis indirect rate allowed under the Uniform Guidance. The Woodland school District used the federal restricted rate of 1.64% for most programs, unless the direct expenditures were more that the budget less budgeted indirects. For the Education Stabilization Fund, the district used the federal indirect rates up to the maximum as calculated by the Office of Superintendent of Public Instruction as applicable for each grant.
The amount of commodities reported on the schedule is the actual value of commodity items received by the Woodland School District during the current year.