Notes to SEFA
Title: NOTE 1-BASIS OF ACCOUNTING
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Othello School District's financial statements. The Othello 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 expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Othello School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Othello School District used the federal restricted rate of 6.41% and the federal unrestricted rate of 13.45%.
This Schedule is prepared on the same basis of accounting as the Othello School District’s financial statements. The Othello 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 Othello School District's financial statements. The Othello 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 expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Othello School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Othello School District used the federal restricted rate of 6.41% and the federal unrestricted rate of 13.45%.
The Othello School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Othello School District used the federal restricted rate of 6.41% and the federal unrestricted rate of 13.45%.
Title: NOTE 3-NONCASH AWARDS
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Othello School District's financial statements. The Othello 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 expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Othello School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Othello School District used the federal restricted rate of 6.41% and the federal unrestricted rate of 13.45%.
The amount of food commodities reported on the schedule is the value of food commodities distributed by the Othello School District during the current year and priced as prescribed by USDA.
Title: NOTE 4-SCHOOLWIDE PROGRAMS
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Othello School District's financial statements. The Othello 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 expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The Othello School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Othello School District used the federal restricted rate of 6.41% and the federal unrestricted rate of 13.45%.
The Othello School District operates a “schoolwide program” in all school 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 Othello School District in its schoolwide program: Title I (84.010)
($2,059,125.73); Migrant Education (84.011) ($818,310.67).