Notes to SEFA
Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIESOrganizationThe accompanying Schedule of Expenditures of Federal Awards represents all Federal awards administered by theSherburne-Earlville Central School District. The School Districts organization is defined in Note 1 to the School Districts basicfinancial statements.Basis of AccountingThe expenditures in the accompanying schedule are presented on an accrual basis of accounting. The information in thisschedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because theSchedule presents only a selected portion of the operations of Sherburne-Earlville Central School District, it is not intended toand does not present the financial position, changes in net assets, or cash flows of the Sherburne-Earlville Central School District.Cluster ProgramsThe following programs are identified by OMB Compliance Supplement to be part of a cluster of programs:U.S. Department of EducationSpecial Education ClusterALN 84.027 Special Education - Grants to States (IDEA, Part B)ALN 84.173 Special Education - Preschool Grants (IDEA Preschool)ALN 84.027X COVID-19 Special Education Grants to StatesALN 84.173X COVID-19 Special Education Preschool GrantsU.S. Department of AgricultureNutrition ClusterALN 10.553 National School Breakfast ProgramALN 10.555 National School Lunch ProgramALN 10.555 Food DonationALN 10.559 Summer Food Service ProgramDe Minimis Indirect Cost RateSherburne Earlville Central School District has not elected to use the 10 percent de minimis indirect cost rate as allowed underthe Uniform Guidance.Food DonationNonmonetary assistance is reported in the schedule at fair market value of the food commodities received. At June 30, 2022, theSchool District had food commodities totaling $24,489 in inventory.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.