Notes to SEFA
Title: Note 1 - Reporting Entity
Accounting Policies: Note 1 - Reporting Entity; Note 2 - Basis of Accounting; and Note 3 - Program Clusters all detailed on the following form
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10 percent de minimis indirect cost rate.
The Lakeview School District (the “District”) is the reporting entity for financial reporting purposes as defined in Note 1 to the District’s financial statements.
Title: Note 2 - Basis of Accounting
Accounting Policies: Note 1 - Reporting Entity; Note 2 - Basis of Accounting; and Note 3 - Program Clusters all detailed on the following form
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10 percent de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards has been prepared on the basis of accounting practices prescribed or permitted by the Manual of Accounting and Related Financial Procedures for Pennsylvania School Systems, issued by the Pennsylvania Department of Education.
These practices, as they apply to the District, are in conformity with U.S. generally accepted accounting principles. The District did not use the 10% de minimis indirect cost rate.
Title: Note 3 - Program Clusters
Accounting Policies: Note 1 - Reporting Entity; Note 2 - Basis of Accounting; and Note 3 - Program Clusters all detailed on the following form
De Minimis Rate Used: N
Rate Explanation: The District did not use the 10 percent de minimis indirect cost rate.
The following program clusters, as defined by Uniform Guidance, were treated as a single program for determining major programs:
Cluster Name: CFDA # Amount
Child Nutrition Cluster 10.553 $ 76,958
10.555 252,157
10.555 30,933
10.555 54,095
$ 414,143
Special Education Cluster 84.027 $ 159,332
84.173 1,407
84.027X 25,611
$ 186,350