Notes to SEFA
The federal programs as listed in the schedule of expenditures of federal awards are accounted for by the School in the General Fund for U.S. Department of Education programs and in the Food Service Fund for U.S. Department of Agriculture programs.
The accompanying schedule of expenditures of federal awards is presented using the modified accrual basis or the accrual basis of accounting, which are described in Note B to the School’s basic financial statements.
The National School Lunch Program consists of non-cash donated foods that were valued according to cost estimates provided by the U.S.D.A.
U.S. Department of Education Funds passed through the Pennsylvania Department of Education under Title I are used primarily to provide education to economically disadvantaged children. Funds received under other grants are used to support instructional programs. Funds passed through the School District of Philadelphia under Special Education Grants to States are used to provide special education and related services to all children with disabilities. U.S. Department of Agriculture Funds passed through the Pennsylvania Departments of Education and Agriculture are used to provide nutritional meals to economically disadvantaged children.
The School has not elected to use the de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.