Notes to SEFA
This Schedule is prepared on the same basis of accounting as the Lake Chelan School District’s financial statements. The Lake Chelan School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
The Lake Chelan School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenses represent only the federal award portion of the program costs. Entire program costs, including the (district)’s local matching share, may be more than shown. Such expenditures are recognized following, the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Lake Chelan School District operates a “schoolwide program” in one elementary school, one middle school, and one high school. Using federal funding, schoolwide programs are designed to upgrade an entire educational program within a school for all students, rather than limit services to certain targeted students. The following federal program amounts were expended by the Lake Chelan School District in its schoolwide program: Title I (84.010) $237,317.97 ; Title II (84.367) $22,090.67.