Notes to SEFA
Title: NOTE 2 - CHILD NUTRITION
Accounting Policies: Note 1 Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federalgrant activity of Greenbrier County Board of Education (the Board) under programs of the federalgovernment for the year ended June 30, 2022. The information on this Schedule is prepared inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations of the Board, it is notintended to and does not present the financial position or changes in net position of the Board.Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the 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 may or may not be allowable or may be limited asto reimbursement. The Board has elected not to use the 10-percent de minimis indirect cost rate asallowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Note 2 Child Nutrition ProgramChild Nutrition Program [AL #10.553, #10.555] expenditures of federal awards are based on the amountof federal funding received for each of the programs. Since the amount of total expenditures for theprograms exceeds the amount of the federal awards received, it is presumed that the total received fromthe federal awards has been expended. The amount of expenditures funded by meal sales, sponsorscontributions and state matching funds for the programs has not been included in the Schedule ofExpenditures of Federal Awards.
Title: NOTE 3 - DONATED FOOD
Accounting Policies: Note 1 Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federalgrant activity of Greenbrier County Board of Education (the Board) under programs of the federalgovernment for the year ended June 30, 2022. The information on this Schedule is prepared inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations of the Board, it is notintended to and does not present the financial position or changes in net position of the Board.Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the 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 may or may not be allowable or may be limited asto reimbursement. The Board has elected not to use the 10-percent de minimis indirect cost rate asallowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Note 3 Donated Food ValueDonated food represents surplus agricultural commodities received from the U.S. Department ofAgriculture passed through from the West Virginia Department of Agriculture. Commodities are valuedbased on amounts as established by the U.S. Department of Agriculture. For the year ended June 30,2022, the total value of the donated food inventories was $102,576 which is included in the NutritionCluster of programs.