Notes to SEFA
Title: Note 3
Accounting Policies: Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of theAlamosa School District Number RE-111 and is presented on the modified accrual basis of accounting.The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Part200, Un(form Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards. Therefore, some amounts presented in this schedule may differ from amounts presented in, orused in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost RatesAll grants being charged indirect cost have been received through the Colorado Department ofEducation. The Department calculates an allowable indirect cost rate for individual sub-recipients andmandates that the rate be used as the maximum for the recovery of indirect cost. The District hasrecovered indirect cost from grant funds at an amount no greater than that allowed by the ColoradoDepartment of Education and has not elected to use the 10% de minimis indirect cost rate allowed byUniform Guidance
Food Distribution Non-monetary assistance is reported in the schedule at the fair market value of commodities received.
Title: Note 4
Accounting Policies: Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal grant activity of theAlamosa School District Number RE-111 and is presented on the modified accrual basis of accounting.The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Part200, Un(form Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards. Therefore, some amounts presented in this schedule may differ from amounts presented in, orused in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect Cost RatesAll grants being charged indirect cost have been received through the Colorado Department ofEducation. The Department calculates an allowable indirect cost rate for individual sub-recipients andmandates that the rate be used as the maximum for the recovery of indirect cost. The District hasrecovered indirect cost from grant funds at an amount no greater than that allowed by the ColoradoDepartment of Education and has not elected to use the 10% de minimis indirect cost rate allowed byUniform Guidance
SubrecipientsNo payments were made to subrecipients in the fiscal year ended June 30, 2022.