Notes to SEFA
The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Laurens County School’s (the “School District”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The Child Nutrition Cluster includes $310,021 of non-cash expenditures in the form of donated food commodities.
The School System elected not to use the 10% de minimis cost rate for the year ended June 30, 2024.
The School System did not pass through any funds to subrecipients for the year ended June 30, 2024.
During the year ended June 30, 2024, $492,657 was tranferred to the Title V-B Rural and Low Income Schools program from Title II A Improving Teacher Quality program ($303,197) and the Title IV A Student Support and Academic Enrichment Program ($189,460). Expenditures of transfers are reflected within the receiving program.