Notes to SEFA
Title: NOTE 3 – NON-CASH AWARDS – FOOD COMMODITIES
Accounting Policies: NOTE 1 – BASIS OF ACCOUNTING
The Schedule of Expenditures of Federal Awards is prepared on 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: NOTE 2 ‐ FEDERAL INDIRECT RATE
The University Place School District used up to the federal restricted rate of 4.11% or the non_x0002_restricted rate of 15.22% for all reimbursable grants. The University Place School District has not elected to use the 10% 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 District during the current year. The value is determined by the USDA.
Title: NOTE 4 ‐ TRANSFERABILITY
Accounting Policies: NOTE 1 – BASIS OF ACCOUNTING
The Schedule of Expenditures of Federal Awards is prepared on 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: NOTE 2 ‐ FEDERAL INDIRECT RATE
The University Place School District used up to the federal restricted rate of 4.11% or the non_x0002_restricted rate of 15.22% for all reimbursable grants. The University Place School District has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
As allowed by federal regulations, the University Place School District elected to transfer program funds. The district expended $61,855 from its Title IV, Part A grant, ALN 84.424 on allowable activities of the Title II, Part A grant, ALN #84.367.