Notes to SEFA
This Schedule is prepared on the same modified accrual basis of accounting as the Oakville School District’s financial statements and in accordance with the requirements contained in Uniform Guidance.
The Oakville School District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Oakville School District used a federal restricted rate of 0%
The amount of commodities reported on the schedule is the value of commodities distributed by the Oakville School District during the current year and prices as prescribed by USDA.
The Oakville School District operates a “schoolwide program” in three buildings. 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 Oakville School District in its schoolwide program: Title I 84.010 $233,207.33
As allowed by federal regulations, the Oakville School District expended $24,211.53 from its Small Rural Schools Achievement Alternative Uses of Funds Program 84.358 for activities of the Student Support and Academic Achievement Enrichment Program 84.424. This amount is reflected in the expenditures of 84.424