Notes to SEFA
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes federal grant activity of Cerro Gordo Community Unit School District No. 100 and is presented on the 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 Requrements, 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 District does not utilize indirect costs for its programs.
Non-cash assistance is included in the schedule of federal awards at the fair market value of the non-monetary assistance received and disbursed. The District received $24,126 and $6,388 in non-cash commodities and Department of Defence fruits and vegetables, respectively during rthe fiscal year.
Title: Sub-recipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes federal grant activity of Cerro Gordo Community Unit School District No. 100 and is presented on the 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 Requrements, 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 District does not utilize indirect costs for its programs.
No federal funds of the District were provided to sub-recipients during the year.
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes federal grant activity of Cerro Gordo Community Unit School District No. 100 and is presented on the 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 Requrements, 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 District does not utilize indirect costs for its programs.
No federal funds were used to purchase insurance during the fiscal year.