Notes to SEFA
Title: 1. Basis of Presentation - Accounting Policies
Accounting Policies: The accounting policies used in preparing the schedule of expenditures of federal awards are the same as those used in the preparation of the financial statements as described in Note 1.
De Minimis Rate Used: N
Rate Explanation: The School did not elect to use the 10% de minimis indirect cost rate.
The accounting policies used in preparing the schedule of expenditures of federal awards are the same as those used in the preparation of the fund financial statements as described in Note 1. B to the financial statements (Fund Financial Statements) except that school breakfast, lunch, and snack federal reimbursement revenues and food commodities received are also reported as expenditures.
Title: 3. Program Clusters
Accounting Policies: The accounting policies used in preparing the schedule of expenditures of federal awards are the same as those used in the preparation of the financial statements as described in Note 1.
De Minimis Rate Used: N
Rate Explanation: The School did not elect to use the 10% de minimis indirect cost rate.
The Child Nutrition Cluster consists of ALN 10.553, 10.555, 10.556, 10.579, and 10.582 and the Special Education Cluster includes ALN 84.027A and 84.173A. Each program cluster is treated as one program for major program determination and testing.