Notes to SEFA
Title: Non-cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Olympia Community Unit School Diristrict No. 16 and is presented on the cash basis of accounting. 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 present in or used inb the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District does not use indirect cost rates in its programs.
Non-cash assistance is included in the schedule of federal awards at the fair market value of the non-
monetary assistance received and disbursed. The District received $41,485 and $37,553 in non-cash
commodities and Department of Defense fruits and vegetables, respectively during the fiscal year.
Title: Sub-recipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Olympia Community Unit School Diristrict No. 16 and is presented on the cash basis of accounting. 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 present in or used inb the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District does not use indirect cost rates in its programs.
No federal funds of the District were provided to sub-recipients during the year.
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Olympia Community Unit School Diristrict No. 16 and is presented on the cash basis of accounting. 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 present in or used inb the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The District does not use indirect cost rates in its programs.
No federal funds were used to purchase insurance during the year.