Notes to SEFA
Title: Note A - Basis of Presentation
Accounting Policies: Note B - Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Sycamore Community Schools (the District) under programs of the federal government for the year ended June 30, 2022. The information on this Schedule is prepared in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District.
Title: Note D - Subrecipients
Accounting Policies: Note B - Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District did not provide funds to subrecipients during the audit period.
Title: Note E - Child Nutrition Cluster
Accounting Policies: Note B - Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the Government assumes it expends federal monies first.
Title: Note F - Food Donation Program
Accounting Policies: Note B - Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District reports commodities consumed on the Schedule at the fair value. The District allocated donated food commodities to the respective program that benefitted from the use of those donated food commodities.
Title: Note G - Matching Requirements
Accounting Policies: Note B - Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
A Federal program requires the District to contribute non-Federal funds (matching funds) to support the Federally-funded program. The District has met its matching requirements. The Schedule does not include the expenditure of non-Federal matching funds.
Title: Note H - Transfer Between Program Years
Accounting Policies: Note B - Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal regulations require schools to obligate certain federal awards by June 30. However, with ODE's consent, schools can tranfer unobligated amounts to the subsequent fiscal year's program. The District transferred the following amounts from the 2022 to 2023 programs:Title I Grants to Local Agencies 63,709Special Education - Grants to States 443,976ARP IDEA Part B 314,713ARP IDEA Early Childhood Special Education 18,461 English Language Acquisition Grants 2,791Improving Teacher Quality State Grants 71,360Student Support and Academic Enrichment 23,338 COVID-19 Elementary and Secondary School Emergency Relief Fund ESSER II 48,195COVID-19 American Rescue Plan Elementary and Secondary School Emergency Relief Fund 358,384