Notes to SEFA
Title: Noncash Awards
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of
accounting. Such expenditures are recognized following the cost principles
contained in the Uniform Guidance and/or OMB Circular A-87, Cost
Principles for State, Local and Indian Tribal Governments, wherein certain
types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The U.S. Department of Education (USED) has delegated to the State of
Vermont Agency of Education the authority to issue indirect cost rates to all
Local Education Agencies (LEAs) based on a plan approved by the USED.
Therefore, the Essex Westford Educational Community Unified Union
School District #51 does not use the 10% de minimus indirect cost rate as
allowed under the Uniform Guidance.
The Essex Westford Educational Community Unified Union School District #51 reports U.S. Department of Agriculture (USDA) Foods consumed on the Schedule at the fair value [or entitlement value]. The State of Vermont allocated USDA Foods to the respective program(s) that benefitted from the use of those USDA Foods.
Title: Expenditures to Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of
accounting. Such expenditures are recognized following the cost principles
contained in the Uniform Guidance and/or OMB Circular A-87, Cost
Principles for State, Local and Indian Tribal Governments, wherein certain
types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The U.S. Department of Education (USED) has delegated to the State of
Vermont Agency of Education the authority to issue indirect cost rates to all
Local Education Agencies (LEAs) based on a plan approved by the USED.
Therefore, the Essex Westford Educational Community Unified Union
School District #51 does not use the 10% de minimus indirect cost rate as
allowed under the Uniform Guidance.
The Essex Westford Educational Community Unified Union School District #51 did not subgrant any federal awards during the fiscal year ended June 30, 2023.