Notes to SEFA
Title: Major Federal Programs
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The School District has not elected to use the 10% de minimis indirect cost rate.
An extensive compliance test, as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) was performed on the Education Stabilization Fund; Special Education Cluster; and Improving Teacher Quality-State Grants which represents 63% of the total expenditures reflected on the Schedule of Expenditures of Federal Awards. Education Stabilization Fund; Special Education Cluster; and Improving Teacher Quality-State Grants exceeded $2,864,769 and, therefore, represent the only programs to which the specific compliance requirements must be applied.
Title: In-Kind Federal Support
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The School District has not elected to use the 10% de minimis indirect cost rate.
USDA Donated Commodities are valued at market value, which represents the costs to replace those commodities.
Title: Medical Assistance Reimbursements
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The School District has not elected to use the 10% de minimis indirect cost rate.
The School District had a $96,491 receivable for the ACCESS program as of June 30, 2022. During the current year, the School District received $96,491 for the ACCESS program. The ACCESS program is the medical assistance (MA) program that reimburses school entities for direct, eligible health-related services provided to MA enrolled, special needs children. These reimbursements are classified as federal money in the School District's account code structure; however, these funds are not restricted in use like other federal monies. ACCESS reimbursements are classified as fee-for-service revenues, and are not considered federal financial assistance, which results in ACCESS funds not being reported on the School District's Schedule of Expenditures of Federal Awards. Expenditures totaling $103,551 were recognized in the current year. As a result, as of June 30, 2023, the School District had a $103,551 receivable for the ACCESS program.