Notes to SEFA
Title: Note 1: BASIS OF PRESENTATION
Accounting Policies: CASH BASIS OF ACCOUNTING
De Minimis Rate Used: N
Rate Explanation: AUDITEE DID NOT ELECT TO USE 10% DE MINIMUS COST RATE
THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS INCLUDES THE FEDERAL GRANT ACTIVITY OF DEPUE CUSD NO. 103 AND IS PRESENTED ON THE CASH BASIS OF ACCOUNITNG. THE INFORMATION IN THIS SCHEDULE IS PRESENTED IN ACCORDANCE WITH THE REQUIREMENTS OF THE OFFICE OF MANAGEMENT AND BUDGET UNIFORM ADMINISTRATIVE REQUIREMENTS, 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.
Title: NOTE 2: INDIRECT FACILITIES & ADMINISTRATION COSTS
Accounting Policies: CASH BASIS OF ACCOUNTING
De Minimis Rate Used: N
Rate Explanation: AUDITEE DID NOT ELECT TO USE 10% DE MINIMUS COST RATE
AUDITEE ELECTED TO NOT USE 10% DE MINIMIS COST RATE.
Title: NOTE 3: SUBRECIPIENTS
Accounting Policies: CASH BASIS OF ACCOUNTING
De Minimis Rate Used: N
Rate Explanation: AUDITEE DID NOT ELECT TO USE 10% DE MINIMUS COST RATE
OF THE FEDERAL EXPENDITURES PRESENTED IN THE SCHEDULE, DEPUE CUSD NO. 103 PROVIDED NO FEDERAL AWARDS TO SUBRECIPIENTS
Title: NOTE 4: NON-CASH ASSISTANCE
Accounting Policies: CASH BASIS OF ACCOUNTING
De Minimis Rate Used: N
Rate Explanation: AUDITEE DID NOT ELECT TO USE 10% DE MINIMUS COST RATE
THE FOLLOWING AMOUNTS WERE EXPENDED IN THE FORM OF NON-CASH ASSISTANCE BY DEPUE CUSD NO. 103 AND SHEOULD BE INCLUDED IN THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS: NON CASH COMODITIES, $4,318; OTHER NON-CASH ASSISTANCE - DEPT OF DEFENSE FRUITS & VEGETABLES, $16,031; TOTAL, $20,349
Title: NOTE 5: OTHER INFORMATION
Accounting Policies: CASH BASIS OF ACCOUNTING
De Minimis Rate Used: N
Rate Explanation: AUDITEE DID NOT ELECT TO USE 10% DE MINIMUS COST RATE
NO INSURANCE COVERAGE IN EFFECT PAID WITH FEDERAL FUNDS DURING THE FISCAL YEAR