Notes to SEFA
Accounting Policies: THE ACCOMPANYING SEFA PRESENTS THE ACTIVITY OF ALL FEDERAL AWARD PROGRAMS OF SKOKIE-FAIRVIEW SCHOOL DISTRICT 72. THE DISTRICT'S REPORTING ENTITY IS DEFINED IN NOTE 1 TO THE DISTRICT'S FINANCIAL STATEMENTS. FEDERAL AWARDS PASSED THROUGH OTHER GOVERNMENTAL AGENCIES ARE INCLUDED ON THE SCHEDULE. THE ACCOMPANYING SEFA IS PRESENTED USING THE CASH BASIS OF ACCOUNTING, WHICH IS DESCRIBED IN NOTE 1 TO THE DISTRICT'S FINANCIAL STATEMENTS. FEDERAL AWARDS RECEIVED ARE REFLECTED IN THE DISTRICT'S FINANCIAL STATEMENTS WITHIN THE GENERAL FUND AS RECEIPTS FROM FEDERAL SOURCES. AMOUNTS REPORTED IN THE ACCOMPANYING SEFA AGREE WITH AMOUNTS REPORTED IN THE PROGRAM FINANCIAL REPORTS FOR PROGRAMS THAT HAVE FINAL REPORTS AS JUNE 30,2022 WITH THE ILLINOIS STATE BOARD OF EDUCATION.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.