Notes to SEFA
The 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.
Uniform Guidance requires the schedule to show the total expenditures for each of the entity’s federal financial assistance programs with the corresponding federal assistance listing numbers.
The District provided no federal awards to subrecipients.
Donated 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.
Uniform 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 84.010, 84.425U, and 93.778.
CCSD charges the following indirect cost rates for the State of Utah Office of Education grants: restricted – 3.18 percent, and unrestricted – 10.85 percent. The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.