Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Hatch Valley Public Schools (the District) and is presented on the modified accrual basis of accounting, which is the same basis as was used to prepare the financial statements. The information in this Schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
The District did not elect to use the 10% indirect cost rate.
The District did not expend federal awards related to loans or loan guarantees during the year.
The District has no federally funded insurance.
See Note 5 Federal Expenditures Recon