Notes to SEFA
Title: Noncash Awards
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principlescontained in the Uniform Guidance and/or OMB Circular A-87, Cost Principles forState, Local and Indian Tribal Governments, wherein certain types of expendituresare not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The U.S. Department of Education (USED) has delegated to the State of VermontAgency of Education the authority to issue indirect cost rates to all Local EducationAgencies (LEAs) based on a plan approved by the USED. Therefore, the FranklinWest Supervisory Union does not use the 10% de minimus indirect cost rate asallowed under the Uniform Guidance.
The Franklin West Supervisory Union reports U.S. Department of Agriculture(USDA) Foods consumed on the Schedule at the fair value [or entitlement value]. TheState of Vermont allocated USDA Foods to the respective program(s) that benefitted fromthe use of those USDA Foods.
Title: Expenditures to Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principlescontained in the Uniform Guidance and/or OMB Circular A-87, Cost Principles forState, Local and Indian Tribal Governments, wherein certain types of expendituresare not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The U.S. Department of Education (USED) has delegated to the State of VermontAgency of Education the authority to issue indirect cost rates to all Local EducationAgencies (LEAs) based on a plan approved by the USED. Therefore, the FranklinWest Supervisory Union does not use the 10% de minimus indirect cost rate asallowed under the Uniform Guidance.
Fairfax Fletcher GeorgiaALNumberSchoolDistrictSchoolDistrictSchoolDistrict Total10.559 $ 458,750 $ 91,621 $ 409,310 $ 959,68184.010A 4 9,490 57,211 - 106,70184.425D 2 9,431 7,972 109,401 146,804$ 537,671 $ 156,804 $ 518,711 $ 1,213,186