Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified-accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards, wherein certain types of expenditures are not allowable or are limited as toreimbursement.Negative amounts shown on the Schedule represent adjustments or credits made in the normal course ofbusiness to amounts reported as expenditures in prior years. For the year ended June 30, 2022, there areno negative amounts on the schedule.Pass-through entity identifying numbers are presented where available. For the year ended June 30, 2022,no amounts were passed through to sub-recipients.Junior ROTC does not have a CFDA number, so the Federal CFDA number on the Schedule ofExpenditures of Federal Awards identifies the Department followed by 000.
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 federalaward activity of El Paso County School District No. 8 under programs of the federal government for theyear ended June 30, 2022. The information in this Schedule is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operations of El Paso County School DistrictNo. 8, it is not intended to and does not present the financial position, changes in net position, or cashflows of El Paso County School District No. 8.
Title: NON-CASH ASSISTANCE
Accounting Policies: Expenditures reported on the Schedule are reported on the modified-accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements forFederal Awards, wherein certain types of expenditures are not allowable or are limited as toreimbursement.Negative amounts shown on the Schedule represent adjustments or credits made in the normal course ofbusiness to amounts reported as expenditures in prior years. For the year ended June 30, 2022, there areno negative amounts on the schedule.Pass-through entity identifying numbers are presented where available. For the year ended June 30, 2022,no amounts were passed through to sub-recipients.Junior ROTC does not have a CFDA number, so the Federal CFDA number on the Schedule ofExpenditures of Federal Awards identifies the Department followed by 000.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the year end June 30, 2022, El Paso County School District No. 8 received $256,198 in non-cashassistance in the form of food commodities. Valuation of commodities is based on fair market value at thetime of receipt.