Notes to SEFA
Title: Note 3 - Program Costs
Accounting Policies: Note 1 - Basis of Accounting. The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Mead School Districts financial statements. The Mead School district uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: Note 2 - Indirect Cost Rate. The Mead School District used the federal restricted rate of 3.34% or federal unrestricted rate of 8.89% for these programs. The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the Meads local matching share, may be more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Administrative, Budgeting and Financial Reporting Handbook ABFR Chapter 11 SEFA Guidance ABFR 11-16 Effective Date: 9-1-20 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Note 4 - Noncash Awards
Accounting Policies: Note 1 - Basis of Accounting. The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Mead School Districts financial statements. The Mead School district uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: Note 2 - Indirect Cost Rate. The Mead School District used the federal restricted rate of 3.34% or federal unrestricted rate of 8.89% for these programs. The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of commodities reported on the schedule is the value of commodities distributed by the Mead School District during the current year and priced as prescribed by OSPI Child Nutrition Services and USDA.
Title: Note 5 - Schoolwide Programs
Accounting Policies: Note 1 - Basis of Accounting. The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Mead School Districts financial statements. The Mead School district uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: Note 2 - Indirect Cost Rate. The Mead School District used the federal restricted rate of 3.34% or federal unrestricted rate of 8.89% for these programs. The district has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Mead School District operates a schoolwide program in three buildings. Using federal funding, schoolwide programs are designed to upgrade an entire educational program within a school for all students, rather than limit services to certain targeted students. The following federal program amounts were expended by the Mead School District in its schoolwide program. Title I (84.010) $780,896.89.