Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Minooka Community Consolidated School District 201 and is presented on the regulatory (modified cash) basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule differed from amounts presented in, or used in the preparation of, the basic financial statements.
The schedule of expenditures of federal awards includes amounts that represent non-cash transactions. The value of these non-cash transactions was determined by the monthly commodities credits received against food purchases made during the fiscal year for the National School Lunch Program. Reconciliation of Schedule of Expenditures of Federal Awards to Financial Statements Revenues Per Schedule of Expenditures of Federal Awards $ 2,701,191 Less - Noncash Food Commodities ( 1 50,012) Add - Medicaid Fees-For-Services Program 314,484 Total Federal Revenues Per Financial Statements $ 2,865,663
Of the federal expenditures presented in the schedule, the District did not provide any federal awards to subrecipients. The District did not have any federal insurance in effect during the year and did not have any federal loans or loan guarantees outstanding at year end.
The District did not elect to use the 10% de minimis cost rate as covered in Uniform Guidance § 200.414 Indirect Facilities and Administration Costs.