Notes to SEFA
Title: Note 3: Subrecipients
Accounting Policies: Basis of Accounting: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Downers Grove Grade School District No. 58 and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirement 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 auditee did not use the de minimis cost rate.
Of the federal expenditures presented in the schedule, Downers Grove Grade School District No. 58 provided no federal awards to subrecipients.
Title: Note 4: Non-Cash Assistance
Accounting Policies: Basis of Accounting: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Downers Grove Grade School District No. 58 and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirement 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 auditee did not use the de minimis cost rate.
The following amounts were expended in the form of non-cash assistance by Downers Grove Grade School District No. 58 and should be included in the Schedule of Expenditures of Federal Awards: Non-Cash Communities (CFDA 10.555) - $10,698, Other Non-Cash Assistance - Department of Defense Fruit and Vegetable -$26,498, Total Non-Cash Assistance - $37,196.
Title: Note 5: Other Information
Accounting Policies: Basis of Accounting: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Downers Grove Grade School District No. 58 and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirement 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 auditee did not use the de minimis cost rate.
Downers Grove Grade School District No. 58 did not have any insurance coverage in effect that was paid with Federal funds during the fiscal year. Downers Grove Grade School District No. 58 had no loans/loan guarantees outstanding at June 30, 2022. Downers Grove Grade School District No. 58 had no Federal grants requiring matching expenditures.