Notes to SEFA
Title: Note 3 Expenditures Recognized
Accounting Policies: Basis of Accounting. The schedule of expenditures of federal awards is presented using the accrual basis of accounting, which conform to generally accepted government accounting principles. Expenditures are recognized in the accounting period in which the liability is incurred, if measurable. Revenues designated for payment of specific School District expenditures are recognized when the related expenditures are incurred. Any excess of revenues or expenditures at the fiscal year end is recorded as accounts payable or a receivable, respectively.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Certain expenditures are recognized in subsequent periods than revenues recognized on the schedule of expenditures of federal awards due to when the federal grant was awarded and when the related expenditures were incurred.
Title: Note 4 Prior Year Expenditures
Accounting Policies: Basis of Accounting. The schedule of expenditures of federal awards is presented using the accrual basis of accounting, which conform to generally accepted government accounting principles. Expenditures are recognized in the accounting period in which the liability is incurred, if measurable. Revenues designated for payment of specific School District expenditures are recognized when the related expenditures are incurred. Any excess of revenues or expenditures at the fiscal year end is recorded as accounts payable or a receivable, respectively.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Grant expenditures of $ 31,817 were omitted from the June 30, 2021 Schedule of Expenditures of Federal Awards. The grant was passed through the Pennsylvania Commission on Crime and Delinquency, with a CFDA/ALN of 84.425D and grant number of 2020-ES-01 35166.