Notes to SEFA
Title: Note 3 - Federal Loans
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School Districts financial statements. The Mossyrock School District uses the modified 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 Mossyrock School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Mossyrock School District used the federal unrestricted rate of 12.84 %.
The Mossyrock School District does not have a federal loan for the 2021-2022 school year.
Title: Note 4 - Program Costs/Matching Contributions
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School Districts financial statements. The Mossyrock School District uses the modified 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 Mossyrock School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Mossyrock School District used the federal unrestricted rate of 12.84 %.
The amounts shown as current year expenses represent only the federal award portion of the program costs.
Title: Note 5 - Noncash Awards
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School Districts financial statements. The Mossyrock School District uses the modified 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 Mossyrock School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Mossyrock School District used the federal unrestricted rate of 12.84 %.
The amount of commodities reported on the schedule is the value of commodities distributed by the Mossyrock School District during the current year and priced as prescribed by USDA.
Title: Note 6 - Schoolwide Programs
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School Districts financial statements. The Mossyrock School District uses the modified 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 Mossyrock School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Mossyrock School District used the federal unrestricted rate of 12.84 %.
The Mossyrock School District operates a schoolwide program in one building. Using federal funding, schoolwide programs are designed to upgrade an entire educational program within a school for all students, rather than limit services to certain targeted students. The following federal program amounts were expended by the (district) in its schoolwide program: Title I (84.010) $178,605 and Migrant Education (84.011) $19,543
Title: Note 7 - Transferability
Accounting Policies: This Schedule is prepared on the same basis of accounting as the Mossyrock School Districts financial statements. The Mossyrock School District uses the modified 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 Mossyrock School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Mossyrock School District used the federal unrestricted rate of 12.84 %.
As allowed by federal regulation, the Mossyrock School District elected to transfer program funds. The district expended $20,000 from Title II, on allowable activities in of the Title I REAP. This amount is reflected in the expenditures of Title I.