Notes to SEFA
Accounting Policies: Basis of AccountingThe information in the schedule is presented in accordance with the Uniform Guidance. The schedule is prepared using the same accounting policies and basis of accounting as the financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.CFDA NumbersUniform Guidance requires the schedule to show the total expenditures for each of the entitys federal financial assistance programs as identified in the Catalog of Federal Domestic Assistance (CFDA). The CFDA is a government-wide compendium of individual federal programs. Each program included in the CFDA is assigned a five-digit program identification number (CFDA number).SubrecipientsThe District provided no federal awards to subrecipients.Non-cash assistanceDonated food commodities are recorded at acquisition value in the nutrition services fund as an inventory asset and federal revenue when received. Donated food commodity inventories are recorded as expenditures in the nutrition services fund when they are consumed by the schools; for purposes of the Schedule, donated food commodities are also recorded as expended when received.Major ProgramsUniform Guidance establishes the levels of expenditures or expenses and other criteria to be used in defining major federal financial assistance. The federal awards tested as major programs were those with a CFDA number of 16.710, 84.010, 84.425C, 84.425D, and 84.425U.Indirect Cost RateCCSD charges the following indirect cost rates for the State of Utah Office of Education grants: restricted 3.19 percent, and unrestricted 11.49 percent. The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.