Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Granite City Community Unit School District No. 9 and is presented on the modified cash basis of accounting. The information in this schedule is presented in accordance with the 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.
Auditee elected to use 10% de minimis cost rate? No
Of the federal expenditures presented in the schedule, the District provided federal awards to subrecipients as follows: None
The following amounts were expended in the form of non-cash assistance by the District and are included in the Schedule of Expenditures of Federal Awards: NON-CASH COMMODITIES (ALN 10.555): $262,169.
Insurance coverage in effect paid with Federal funds during the fiscal year: Property - $0 Auto - $0 General Liability - $0 Workers Compensation - $0 Loans/Loan Guarantees Outstanding at June 30: $0 District had Federal grants requiring matching expenditures: No