Notes to SEFA
Title: NOTE 3 - PROGRAM COSTS/MATCHING CONTRIBUTIONS
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING. This Schedule is prepared on the same basis of accounting as the Republic School Districts financial statements. The Republic School District #309 uses the cash 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 - FEDERAL DE MINIMIS INDIRECT RATE. The Republic School District #309 has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 21.25%
The amounts shown as current year expenses represent only the federal award portion of the program costs. Entire program costs, including the districts local matching share, may be more than shown. Such expenditures are recognized following, the cost principles contained in Title 2 U.S. Code of Federal Regulations 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. This Schedule is prepared on the same basis of accounting as the Republic School Districts financial statements. The Republic School District #309 uses the cash 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 - FEDERAL DE MINIMIS INDIRECT RATE. The Republic School District #309 has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 21.25%
The amount of commodities on the schedule is the value of commodities distributed by the district during the current year and priced as prescribed by the U.S. Department of Agriculture.
Title: NOTE 5 - SCHOOLWIDE PROGRAMS
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING. This Schedule is prepared on the same basis of accounting as the Republic School Districts financial statements. The Republic School District #309 uses the cash 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 - FEDERAL DE MINIMIS INDIRECT RATE. The Republic School District #309 has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 21.25%
The Republic School District #309 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 Republic School District in its schoolwide program: Title I (84.010) $196,717.
Title: NOTE 6 - SMALL RURAL SCHOOLS ACHIEVEMENT (SRSA)
Accounting Policies: NOTE 1 - BASIS OF ACCOUNTING. This Schedule is prepared on the same basis of accounting as the Republic School Districts financial statements. The Republic School District #309 uses the cash 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 - FEDERAL DE MINIMIS INDIRECT RATE. The Republic School District #309 has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 21.25%
As allowed by federal regulations, the district expended $96,203 from its Small Rural Schools Achievement (SRSA) Alternative Uses of Funds Program (84.358) for activities of the Student Support.