Notes to SEFA
This Schedule is prepared on the same basis of accounting as the Sultan School District’s financial statements. The 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 Sultan School District used the federal restricted rate of 1.86%. The District used either the federal restricted rate or a rate that was a smaller percentage than the federal restricted/unrestricted rate but did not exceed the maximum allowed for the category or chose to not take indirect rates on the grant. The 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 grant portion of the program costs. Entire program costs, including the Sultan School District’s local matching share, may be more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or 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 Sultan School District during the current year and priced as prescribed by OSPI.
The District operates a “school-wide program” in its 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 Sultan School District in its school-wide programs: Title I (84.010) - $310,530.47.