Notes to SEFA
Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the schedule are reported on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement.Indirect costs may be included in the reported expenditures, to the extent that they are included in thefederal financial reports used as the source of data presented. The District has not elected to use the 10percent De Minimis indirect cost rate as allowed under Uniform Guidance.Matching costs (the Districts share of certain program costs) are not included in the reportedexpenditures.The basis of accounting varies by federal program consistent with the underlying regulations pertainingto each program.The amounts reported as federal expenditures were obtained from the federal financial reports for theapplicable program and periods. The amounts reported in these reports are prepared from recordsmaintained for each program, which are reconciled with the Districts financial reporting system.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards presents the activity of federal awardprograms administered by the District, which is described in Note 1 to the Districts accompanyingfinancial statements, using the modified accrual basis of accounting. Federal awards that are includedin the schedule may be received directly from federal agencies, as well as federal awards that are passedthrough from other government agencies. The information is presented in accordance with therequirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, 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 inthe preparation of the basic financial statements.
Title: NOTE 3 SUBRECIPIENTS
Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the schedule are reported on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement.Indirect costs may be included in the reported expenditures, to the extent that they are included in thefederal financial reports used as the source of data presented. The District has not elected to use the 10percent De Minimis indirect cost rate as allowed under Uniform Guidance.Matching costs (the Districts share of certain program costs) are not included in the reportedexpenditures.The basis of accounting varies by federal program consistent with the underlying regulations pertainingto each program.The amounts reported as federal expenditures were obtained from the federal financial reports for theapplicable program and periods. The amounts reported in these reports are prepared from recordsmaintained for each program, which are reconciled with the Districts financial reporting system.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
NOTE 3 SUBRECIPIENTSThe amounts provided to subrecipients were as follows:Federal CFDAProgram Title Number AmountCROP 21st Century Community Learning Centers 84.287C $ 579,569
Title: NOTE 4 OTHER DISCLOSURES
Accounting Policies: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the schedule are reported on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement.Indirect costs may be included in the reported expenditures, to the extent that they are included in thefederal financial reports used as the source of data presented. The District has not elected to use the 10percent De Minimis indirect cost rate as allowed under Uniform Guidance.Matching costs (the Districts share of certain program costs) are not included in the reportedexpenditures.The basis of accounting varies by federal program consistent with the underlying regulations pertainingto each program.The amounts reported as federal expenditures were obtained from the federal financial reports for theapplicable program and periods. The amounts reported in these reports are prepared from recordsmaintained for each program, which are reconciled with the Districts financial reporting system.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
NOTE 4 OTHER DISCLOSURESNo insurance is carried specifically to cover equipment purchased with federal funds. Any equipmentpurchased with federal funds has only a nominal value and is covered by the Districts casualtyinsurance policies.Nonmonetary assistance is reported in the schedule at fair market value of the commodities receivedand disbursed. At June 30, 2022, the District had food commodities totaling $1,593 in inventory