Notes to SEFA
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the School District and is presented on the regulatory basis of accounting based on financial reporting provisions of the Illinois State Board of Education, which is a basis of accounting other than accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Auditee uses indirect costs rates, restricted and unrestricted, assigned by ISBE.
Of the federal expenditures presented in the schedule, the School District provided NO federal awards to subrecipients.
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the School District and is presented on the regulatory basis of accounting based on financial reporting provisions of the Illinois State Board of Education, which is a basis of accounting other than accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Auditee uses indirect costs rates, restricted and unrestricted, assigned by ISBE.
The following amounts were expended in the form of non-cash assistance by the School District and should be included in the Schedule of Expenditures of Federal Awards: NON-CASH COMMODITIES (AL10.555): $16,470 and OTHER NON-CASH ASSISTANCE-DEPT OF DEFENSE FRUITS & VEGETABLES: $10,278. Total is $26,748.
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the School District and is presented on the regulatory basis of accounting based on financial reporting provisions of the Illinois State Board of Education, which is a basis of accounting other than accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Auditee uses indirect costs rates, restricted and unrestricted, assigned by ISBE.
The School District had NO insurance coverage in effect paid with federal funds during the year. The School District had NO federal grants requiring matching expenditures.