Notes to SEFA
Title: Commodities
Accounting Policies: This statement is prepared using the same basis of accounting as the District's financial statements. The District uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. All costs reported are direct costs.
The amount of commodities reported on the schedule is the value of commodities receivedby the District in the current year and are priced as prescribed by the WisconsinDepartment of Public Instruction.
Title: Subrecipients
Accounting Policies: This statement is prepared using the same basis of accounting as the District's financial statements. The District uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. All costs reported are direct costs.
There are no subrecipients.