Notes to SEFA
Accounting Policies: General - The accompanying schedules of expenditures of federal awards and state financial assistance present the activity of all federal and state financial assistance of the Manchester Township School District (District). The District is defined in Note 1 to the Districts basic financial statements. All federal awards and state financial assistance received directly from federal and state agencies, as well as federal awards and state financial assistance passed through other government agencies are included on the schedules of expenditures of federal awards and state financial assistance. Basis of Accounting - The accompanying schedules of expenditures of federal awards and state financial assistance are presented on the budgetary basis of accounting with the exception of programs recorded in the enterprise fund, which are presented using the accrual basis of accounting and those recorded in the special revenue fund, which are presented using the budgetary basis of accounting. These bases of accounting are described in Note 1 to the District's basic financial statements. The information in these schedules arepresented in accordance with the requirements of 2 CFR 200Uniform Administrative Requirements, Cost Principles, and AuditRequirements for Federal Awards and New Jersey OMB Circular 1508, Single Audit Policy for Recipients of Federal Grants,State Grants and State Aid. Therefore, some amounts presented in these schedules may differ from amounts presented, orused 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.