Title: 2. CLUSTER PROGRAMS
Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIES
Organization
The accompanying Schedule of Expenditures of Federal Awards represents all Federal awards administered by the Otsego
Northern Catskills BOCES. The BOCES’ organization is defined in Note 1 to the BOCES’ basic financial statements.
Basis of Accounting
The accompanying schedule of expenditures of Federal awards includes the Federal grant activity of the BOCES and is
presented on the 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. Expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: 4. INDIRECT COST RATE
The BOCES has not elected to use the 10% de minimis indirect cost rate.
The following programs are identified by “OMB Compliance Supplement” to be part of a cluster of programs:
U.S. Department of Education
Student Financial Aid Cluster
ALN #84.268 Federal Direct Student Loans (Direct Loan)
ALN #84.063 Federal Pell Grant Program
Special Education Cluster
ALN #84.027 Special Education – Grants to States
Education Stabilization Fund Cluster
ALN #84.425E Higher Education Emergency Relief Fund (HEERF) - Student Portion
ALN #84.425F Higher Education Emergency Relief Fund (HEERF) – Institutional Portion
Title: 3. STUDENT FINANCIAL AID CLUSTER
Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIES
Organization
The accompanying Schedule of Expenditures of Federal Awards represents all Federal awards administered by the Otsego
Northern Catskills BOCES. The BOCES’ organization is defined in Note 1 to the BOCES’ basic financial statements.
Basis of Accounting
The accompanying schedule of expenditures of Federal awards includes the Federal grant activity of the BOCES and is
presented on the 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. Expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: 4. INDIRECT COST RATE
The BOCES has not elected to use the 10% de minimis indirect cost rate.
The Student Financial Aid Cluster revenue of $157,135 is reported by the BOCES as Charges for Services since the amounts are
for tuition paid by the program for qualifying students.
Title: 4. INDIRECT COST RATE
Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIES
Organization
The accompanying Schedule of Expenditures of Federal Awards represents all Federal awards administered by the Otsego
Northern Catskills BOCES. The BOCES’ organization is defined in Note 1 to the BOCES’ basic financial statements.
Basis of Accounting
The accompanying schedule of expenditures of Federal awards includes the Federal grant activity of the BOCES and is
presented on the 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. Expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: 4. INDIRECT COST RATE
The BOCES has not elected to use the 10% de minimis indirect cost rate.
The BOCES has not elected to use the 10% de minimis indirect cost rate.
Title: 5. DONATED PERSONAL PROTECTIVE EQUIPMENT (UNAUDITED)
Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIES
Organization
The accompanying Schedule of Expenditures of Federal Awards represents all Federal awards administered by the Otsego
Northern Catskills BOCES. The BOCES’ organization is defined in Note 1 to the BOCES’ basic financial statements.
Basis of Accounting
The accompanying schedule of expenditures of Federal awards includes the Federal grant activity of the BOCES and is
presented on the 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. Expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: 4. INDIRECT COST RATE
The BOCES has not elected to use the 10% de minimis indirect cost rate.
During the emergency period of COVID-19, federal agencies and recipients of federal assistance funds donated personal
protective equipment (PPE) to non-federal entities. In connection with that donation, the recipient must disclose the estimated
value of donated PPE, but such amounts are not included in the Schedule of Expenditures of Federal Awards. The BOCES did
not receive donated PPE during the reporting year.