Notes to SEFA
This Schedule is prepared on the same basis of accounting as the Olympia School District’s financial statements. The Olympia School District uses the 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 Olympia School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Olympia School District used the following indirect rates in grant claiming calculations per grant guidelines: unrestricted federal rate of 3.82% and unrestricted state rate of 7.0%.
The amounts shown as current year expenses represent only the federal award portion of the program costs. Entire program costs, including the Olympia 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 Requirements, 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 commodities reported on the schedule is the value of commodities distributed by the Olympia School District during the current year and priced as prescribed by USDA.
The Olympia School District operates a “schoolwide program” in three elementary 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 Olympia School District in its schoolwide program: Title I (84.010) $2,050,513.54 Migrant Education (84.011) $86,941.16.