Notes to SEFA
Title: PROGRAM DISCLOSURE - FOOTNOTES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized using the cost principles contained in the Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards, wherein certain types ofexpenditures are not allowable or limited to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
All major and non-major federal grant activity of the Lake-LehmanSchool District is included in the accompanying Schedule of Expenditures of FederalAwards. The District is a sub-recipient of Federal Funds from the Commonwealth ofPennsylvania. The federal cognizant agency is the United StatesDepartment of Education. District is a sub-recipient of Federal Funds from the Luzerne Intermediate Unit. The federal cognizant agency is the United States Department ofEducation.