Notes to SEFA
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Charleston CUSD 1 and is presented on the
modified cash basis of accounting under guidelines prescribed by the Illinois State Board of Educaiton. The information in this schedule is
presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used
in the preparation of, the basic financial statements
De Minimis Rate Used: N
Rate Explanation: Auditee did not elect to use 10% de minimis cost rate
Of the federal expenditures presented in the schedule, Charleston CUSD 1 provided federal awards to subrecipients as follows: N/A
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Charleston CUSD 1 and is presented on the
modified cash basis of accounting under guidelines prescribed by the Illinois State Board of Educaiton. The information in this schedule is
presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used
in the preparation of, the basic financial statements
De Minimis Rate Used: N
Rate Explanation: Auditee did not elect to use 10% de minimis cost rate
The following amounts were expended in the form of non-cash assistance by Charleston CUSD 1 and should be included in the Schedule of
Expenditures of Federal Awards: Non-Cash Commodities: $61,854 and Other Non-Cash Assistance - Dept. Of Defense Fruits & Vegetables: $10,993 Total Non-Cash: $72,847
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Charleston CUSD 1 and is presented on the
modified cash basis of accounting under guidelines prescribed by the Illinois State Board of Educaiton. The information in this schedule is
presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles,
and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used
in the preparation of, the basic financial statements
De Minimis Rate Used: N
Rate Explanation: Auditee did not elect to use 10% de minimis cost rate
Insurance coverage in effect paid with federal funds during the fiscal year: Property: No. Auto: No. General Liability: No. Workers Compensation: No. Loans/Loan Guarntees Outstanding at June 30: No. District had federal grants requiring matching expenditures: No.