Notes to SEFA
Title: Program Income
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of theGreater New Bedford Regional Vocational Technical High School and is presented on the modified accrualbasis of accounting. The information in this schedule is presented in accordance with the requirements of 2CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance), Subpart F, Section 510(b).
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Greater New Bedford Regional Vocational Technical High School generated $47,537 of program income during fiscal year 2022 within the Child Nutrition Cluster.