Notes to SEFA
Title: Determining the Value of Non-Cash Awards Expended
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Moffat County School District, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2, US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basis financial statements.
De Minimis Rate Used: N
Rate Explanation: The District does not opt to use the 10% de minimis cost rate allowed in Title 2 U.S. Code of Federal Regulations (CFR) Part 200.414, Indirect (F & A) costs.
Food Commodities: Valued at the assessed value provided by the federal agency.
Title: Sub recipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Moffat County School District, and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2, US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basis financial statements.
De Minimis Rate Used: N
Rate Explanation: The District does not opt to use the 10% de minimis cost rate allowed in Title 2 U.S. Code of Federal Regulations (CFR) Part 200.414, Indirect (F & A) costs.
Moffat County School District did not provide any federal awards received to sub recipients.