Notes to SEFA
Accounting Policies: NOTE A BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes thefederal award activity of Eastern Local School District (the District) under programs of the federalgovernment for the year ended June 30, 2022. The information on this Schedule is prepared inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). Because the Schedule presents only a selected portion of the operations ofthe District, it is not intended to and does not present the financial position or changes in netposition of the District.NOTE B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the cash basis of accounting. Suchexpenditures are recognized following the cost principles contained in Uniform Guidance whereincertain types of expenditures may or may not be allowable or may be limited as toreimbursement.NOTE C INDIRECT COST RATEThe District has elected not to use the 10-percent de minimis indirect cost rate as allowed underthe Uniform Guidance.NOTE D - CHILD NUTRITION CLUSTERThe District commingles cash receipts from the U.S. Department of Agriculture with similar Stategrants. When reporting expenditures on this Schedule, the District assumes it expends federalmonies first.NOTE E FOOD DONATION PROGRAMThe District reports commodities consumed on the Schedule at the fair value. The Districtallocated donated food commodities to the respective program that benefitted from the use ofthose donated food commodities.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.