Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the School Nutrition Funds of Robertson County Schools, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Non monetary assistance is reported in the schedule at the fair market value of the commodities received.
Robertson County School Nutrition has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.