Notes to SEFA
Provides an explanation of what is being reported on as well as what requirements were used for the report.
Expenditures reported on the SEFA are reported using the accrual basis of accounting. 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.
Nonmonetary assistance is reported in the schedule of expenditures of federal awards at the cost of commodities provided to the School Lunch Program. The total federal share of these commodities was $93,343 for the year ended June 30, 2024. The amounts have been included in the schedule of expenditures of federal awards under Assistance Listing Number 10.555.
The district has elected to not use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance