Notes to SEFA
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Zeigler-Royalton CUSD 188 and is presented on the basis of the financial reporting provisions of the Illinois State Board of Education, which is a basis of accounting other than generally accepted accounting principles. 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 presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal expenditures presented in the schedule, Zeigler-Royalton CUSD 188 provided no federal awards to subrecipients.
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Zeigler-Royalton CUSD 188 and is presented on the basis of the financial reporting provisions of the Illinois State Board of Education, which is a basis of accounting other than generally accepted accounting principles. 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 presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following amounts were expended in the form of non-cash assistance by Zeigler-Royalnton CUSD 188 and should be included in the Schedule of Expenditures of Federal Awards: NON-CASH COMMODITIES (Assistance Listing 10.555) $25,799 and OTHER NON-CASH ASSISTANCE-DEPT OF DEFENSE FRUITS AND VEGETABLES $10,146. Total Non-Cash Assistance $35,945.
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Zeigler-Royalton CUSD 188 and is presented on the basis of the financial reporting provisions of the Illinois State Board of Education, which is a basis of accounting other than generally accepted accounting principles. 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 presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District had no insurance coverage in effect paid with federal funds during the fiscal year. There were no loans/loan guarantees outstanding at June 30, 2022. The District had no federal grants requiring matching expenditures.