Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Herscher Community Unit School District #2 and is presented on the regulatory (modified cash) basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Some amounts presented in this schedule differed from amounts presented in, or used in the preparation of, the basic financial statements. Reconciliation of Schedule of Expenditures of Federal Awards to Basic Financial Statements Revenues per Schedule of Expenditures of Federal Awards $ 1,436,418 Add - Medicaid Fees-For-Services Program 23,345 Add - Revenues per Basic Financial Statements Included on Prior-Year Schedule of Expenditures of Federal Awards 267,253 Less - Revenues per Schedule of Expenditures of Federal Awards Received After Year-End ( 203,443) Less - Values of Commodities ( 47,737) Total Federal Revenues per Basic Financial Statements $ 1,475,836
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.