Notes to SEFA
The Schedule of Expenditures of Federal Awards includes the federal grant activity of the School District and is presented on another comprehensive basis of accounting conforming with the accounting practices prescribed or permitted by the Oklahoma State Department of Education which is a comprehensive basis of accounting other than generally accepted accounting principles. Under this method, expenditures are recognized when an approved purchase order is issued.
Commodities representing non-cash expenditures have been included in the Schedule of Expenditures of Federal Awards which is an exception to the prescribed basis of accounting.
There were no amounts passed to subrecipients.
The School District provides adequate insurance coverage against loss on assets purchased with Federal Awards.
The school district has elected not to use the 10 % de minimus cost rate.