Notes to SEFA
Title: Note 3 - Program Costs/Matching Contributions
Accounting Policies: This Schedule is prepared on the same basis of accounting as the La Center School District's financial statements. The La Center School District uses the modified 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.
De Minimis Rate Used: N
Rate Explanation: The La Center School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The La Center School District used the federal restricted rate of .59%.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the La Center 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.
Title: Note 4 - Noncash Awards
Accounting Policies: This Schedule is prepared on the same basis of accounting as the La Center School District's financial statements. The La Center School District uses the modified 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.
De Minimis Rate Used: N
Rate Explanation: The La Center School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The La Center School District used the federal restricted rate of .59%.
The amount of commodities reported on the schedule is the value of commodities distributed by the La Center School District during the current year and priced as prescribed by $38,470.83.
Title: Note 5 - Schoolwide Programs
Accounting Policies: This Schedule is prepared on the same basis of accounting as the La Center School District's financial statements. The La Center School District uses the modified 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.
De Minimis Rate Used: N
Rate Explanation: The La Center School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The La Center School District used the federal restricted rate of .59%.
The La Center School District operates a "schoolwide program" in one elementary building. 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 La Center School District in its schoolwide program: Title I (84.010) $67,216