Notes to SEFA
Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the City
School District of the City of Rome, New York under programs of the federal government for the year ended June 30, 2023. The
information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part
200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Basis of Accounting
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, wherein certain types of expenditures are not allowable or are
limited as to reimbursement. 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 Indirect Cost Rate
The District has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Food Donation
Nonmonetary assistance is reported in the schedule at the fair market value of the food commodities received. At June 30, 2023,
the School District had food commodities totaling $33,243 in inventory.
Personal Protective Equipment (PPE)
The District did not receive any donated PPE from a federal agency.
Cluster Programs
The following programs are identified by “OMB Compliance Supplement” to be part of a cluster of programs:
U.S. Department of Agriculture
Nutrition Cluster
AL #10.553 School Breakfast Program
AL #10.555 National School Lunch Program
AL #10.559 Summer Food Service Program for Children
U.S. Department of Education
Special Education Cluster
AL #84.027 Special Education Grants to States (IDEA, Part B)
AL #84.173 Special Education Preschool Grants (IDEA Preschool)
AL #84.027X COVID-19 Special Education – Grants to States (IDEA, Part B)
AL #84.173X COVID-19 Special Education – Preschool Grants (IDEA Preschool)
De Minimis Rate Used: N
Rate Explanation: De Minimis Indirect Cost Rate
The District has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance