Notes to SEFA
Title: Subrecipient - Education Stabilazation
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared using the regulatory basis of accounting as established in the Kansas Municipal Audit and Accounting Guide. Under the regulatory basis of accounting, revenues are recognized when cash is received. Expenditures are commitments for the District for future payments and are supported by a document evidencing the commitment, such as a purchase order or contract.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
$22,520 of the expenditures were passed through to the Southeast Kansas Special Education Interlocal #637, a subrecipient.