Notes to SEFA
Title: basis of presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of MarcellusCentral School District's federal award programs and presents transactions that are included in thefinancial statements of the District presented on the modified accrual basis of accounting, as required byaccounting principles generally accepted in the United States of America. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are 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 presents the activity of federal awardprograms administered by the Marcellus Central Free School District, which is described in Note 1 to theDistricts accompanying financial statements, using the modified accrual basis of accounting. Federalawards that are included in the schedule may be received directly from federal agencies, as well as federalawards that are passed through from other government agencies. The information in this schedule ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amountspresented in, or used in the preparation of, the financial statements. CFDA numbers and passthroughnumbers are provided, when available.
Title: food distribution
Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of MarcellusCentral School District's federal award programs and presents transactions that are included in thefinancial statements of the District presented on the modified accrual basis of accounting, as required byaccounting principles generally accepted in the United States of America. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District is the recipient of a federal award program that does not result in cash receipts ordisbursements. The District was granted approximately $30,400 of commodities under the NationalSchool Lunch Program (CFDA 10.555).