Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Park County School District Number 6 and is presented on the modified accrual basis of accounting, except for amounts presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. The district is eligible to apply a 10%- 14% de minimis cost rate on certain grants that have been awarded. The District has evaulated the application of indirect costs on a grant-by-grant basis.
Nonmonetary assistance, such as food received from the United States Department of Agriculture, is reported as revenue at fair market value.
Park County School District 6 has no subrecipients that receive federal funds that are passed through the District.