Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles generally accepted in the United States and the amounts presented are derived from the School Districts general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federalgrant activity of the Wappingers Central School District (School District), under programs of thefederal government for the year ended June 30, 2022. The information in this Schedule ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance). Because the Schedule presents only a selected portion of theoperations of the School District, it is not intended to and does not present the financial positionor the respective changes in financial position of the governmental activities, each major fund,and the aggregate remaining fund information of the School District
Title: PASS-THROUGH PROGRAMS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles generally accepted in the United States and the amounts presented are derived from the School Districts general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Where the School District receives funds from a government entity other than the federalgovernment (pass-through), the funds are accumulated based upon the Federal AssistanceListing number advised by the pass-through grantor.Identifying numbers, other than the Federal Assistance Listing numbers, which may beassigned by pass-through grantors are not maintained in the School Districts financialmanagement system. The School District has identified certain pass-through identifyingnumbers and included them in the schedule of expenditures of federal awards, as available.
Title: INDIRECT COSTS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles generally accepted in the United States and the amounts presented are derived from the School Districts general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Indirect costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented.The School District did not elect to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance.
Title: MATCHING COSTS
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles generally accepted in the United States and the amounts presented are derived from the School Districts general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Matching costs, i.e., the School Districts share of certain program costs, are not included in the reported expenditures.
Title: NON-MONETARY FEDERAL PROGRAM
Accounting Policies: Expenditures reported on the Schedule are presented in conformity with accounting principles generally accepted in the United States and the amounts presented are derived from the School Districts general ledger.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The School District is the recipient of a federal financial award program that does not result incash receipts or disbursements termed a non-monetary program. During the year endedJune 30, 2022, the School District received food commodities, the fair value of whichamounted to $196,458, which are is presented in the Schedule as National School LunchProgram (Division of Donated Foods, Federal Assistance Listing No. 10.555).