Notes to SEFA
Title: Note 3 - Food Distribution
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Wirt County Board of Education and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of OMB Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Wirt County Board of Education did not elect to use the 10% de minimis indirect cost rate for its federal programs.
The Wirt County Board of Educations non-cash assistance received from the U.S. Department of Agriculture Donated Foods Program of $33,271 is reported in the schedule at the fair market value of the commodities received and disbursed for the year ended June 30, 2022.
Title: Note 4 - Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Wirt County Board of Education and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of OMB Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
De Minimis Rate Used: N
Rate Explanation: The Wirt County Board of Education did not elect to use the 10% de minimis indirect cost rate for its federal programs.
The Wirt County Board of Education did not have subrecipients during the 2022 fiscal year.