Notes to SEFA
Title: subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of LITCHFIELD COMMUNITY UNIT SCHOOL DISTRICT NO. 12 and is presented on the MODIFIED CASH BASIS OF ACCOUNTING. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget 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 auditee did not use the de minimis cost rate.
none
Title: NON CASH ASSISTANCE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of LITCHFIELD COMMUNITY UNIT SCHOOL DISTRICT NO. 12 and is presented on the MODIFIED CASH BASIS OF ACCOUNTING. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget 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 auditee did not use the de minimis cost rate.
The following amounts were expended in the form of non-cash assistance by LITCHFIELD COMMUNITY UNIT SCHOOL DISTRICT NO. 12 and should be included in the Schedule of Expenditures of Federal Awards: NON-CASH COMMODITIES (CFDA 10.555)**: 49,343
Title: OTHER INFORMATION
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of LITCHFIELD COMMUNITY UNIT SCHOOL DISTRICT NO. 12 and is presented on the MODIFIED CASH BASIS OF ACCOUNTING. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget 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 auditee did not use the de minimis cost rate.
NO INSURANCE COVERAGE IN EFFECT WAS PAID WITH FEDERAL FUND DURING THE YEAR. THERE WERE NO LOANS/LOAN GUARANTEES OUTSTANDING AT 6/30/22. THE DISTRICT HAD NO FEDERAL GRANTS THAT REQUIRED MATCHING EXPENDITURES.