Notes to SEFA
Title: NOTE 3: SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Charleston CUSD 1 and is presented on themodified cash basis of accounting under guidelines prescribed by the Illinois State Board of Education . The information in this schedule ispresented 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 usedin the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
THERE WERE NO SUBRECIPIENTS.
Title: NOTE 4: 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 themodified cash basis of accounting under guidelines prescribed by the Illinois State Board of Education . The information in this schedule ispresented 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 usedin the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the 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 ofExpenditures of Federal Awards:NON-CASH COMMODITIES (CFDA 10.555)**: $62,031OTHER NON-CASH ASSISTANCE - DEPT. OF DEFENSE FRUITS & VEGETABLES $8,490 Total Non-Cash $70,521
Title: NOTE 5: 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 themodified cash basis of accounting under guidelines prescribed by the Illinois State Board of Education . The information in this schedule ispresented 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 usedin the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Insurance coverage in effect paid with Federal funds during the fiscal year:Property NoAuto NoGeneral Liability NoWorkers Compensation NoLoans/Loan Guarantees Outstanding at June 30: NoDistrict had Federal grants requiring matching expenditures No