Notes to SEFA
Title: NOTE 3 SUBRECIPIENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the Districts financial reporting system. The federal expenditures are recognized under the Uniform Guidance. The District has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source of the data presented. Matching costs (the Districts share of certain program costs) are not included in the reported expenditures. The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
No amounts were provided to subrecipients.
Title: NOTE 4 SCOPE OF AUDIT
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the Districts financial reporting system. The federal expenditures are recognized under the Uniform Guidance. The District has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source of the data presented. Matching costs (the Districts share of certain program costs) are not included in the reported expenditures. The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The District is an independent municipal corporation. All federal grant operations of the District are included in the scope of the single audit.
Title: NOTE 5 OTHER DISCLOSURES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the Districts financial reporting system. The federal expenditures are recognized under the Uniform Guidance. The District has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source of the data presented. Matching costs (the Districts share of certain program costs) are not included in the reported expenditures. The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds is covered by the Districts casualty insurance policies. There were no loans or loan guarantees outstanding at year-end.
Title: NOTE 6 NON-MONETARY FEDERAL PROGRAM
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the Districts financial reporting system. The federal expenditures are recognized under the Uniform Guidance. The District has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance. Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source of the data presented. Matching costs (the Districts share of certain program costs) are not included in the reported expenditures. The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The District is the recipient of a federal award program that does not result in cash receipts or disbursements. The District was granted $17,396 of commodities under the National School Lunch Program (Assistance Listing 10.555) and $6,990 under the Fresh Fruit and Vegetable Program (Assistance Listing 10.582). At June 30, 2022, the District had food commodities totaling $969 in inventory.