Title: Commodities
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Crittenden County Board of Education and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Crittenden County School District did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The District used the Non Restricted indirect cost rate of 13.31%.
Non-monetary assistance is reported in the schedule at the fair market value of the commodities received and used.
Title: Reconciliation of the SEFA to the Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Crittenden County Board of Education and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Crittenden County School District did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The District used the Non Restricted indirect cost rate of 13.31%.
For the federal awards presented in the financial statements by fund, Special Revenue Fund 2 Indirect Federal is $2,766,233 and Proprietary Fund (food service) is $1,146,074 for Federal awards presented in the financial statements and total federal awards reported in the SEFA of $3,912,307.
Title: Medicaid Reimbursements
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Crittenden County Board of Education and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Crittenden County School District did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The District used the Non Restricted indirect cost rate of 13.31%.
Although reported in the financial statements as direct federal revenue, medicaid reimbursements ($1810 ) are not considered expenditures of federal awards for the purpose of this schedule.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Crittenden County Board of Education and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Crittenden County School District did not elect to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The District used the Non Restricted indirect cost rate of 13.31%.
There were no awards passed through to subrecipients.