Notes to SEFA
Title: General
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Independent School District #252 has not charged indirect costs to any of the federal programs. Therefore, the
election of the 10 percent de minimis indirect cost rate is not applicable as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of
Independent School District #252, Cannon Falls, Minnesota under programs of the federal government for the year
ended June 30, 2023. The information in the Schedule is presented in accordance with the requirements of Title 2
U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principals, and Audit
Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of
the operations of the District, it is not intended to and does not present the financial position, changes in assets, or
cash flows of the District.
All pass-through entities listed in the Schedule use the same Assistance Listing Numbers as the federal grantors to
identify these grants and have not assigned any additional identifying numbers.
Title: Food Distribution
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Independent School District #252 has not charged indirect costs to any of the federal programs. Therefore, the
election of the 10 percent de minimis indirect cost rate is not applicable as allowed under the Uniform Guidance.
Nonmonetary assistance is reported in the schedule with the National School Lunch Program at the fair market
value of the commodities received and disbursed which totaled $16,150.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Independent School District #252 has not charged indirect costs to any of the federal programs. Therefore, the
election of the 10 percent de minimis indirect cost rate is not applicable as allowed under the Uniform Guidance.
Independent School District #252 did not have subrecipients for the fiscal year ended June 30, 2023.