Notes to SEFA
This Schedule is prepared on the same basis of accounting as the Riverview School District’s financial statements. The Riverview School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portion of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
The Riverview School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Riverview School District used the federal restricted rate of up to 3.95% and up to a 15.85% unrestricted rate.
The amounts shown as current year expenses represent only the federal award portion of the program costs. Entire program costs, including the Riverview School 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, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The amount of food commodities reported on the schedule is the value of commodities distributed by the Riverview School District during current year and priced as prescribed by the USDA.