Notes to SEFA
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Trico Community Unit School District #176 and is presented on the modified cash basis that demonstrates compliance with regulatory provisions prescribed by the Illinois State Board of Education, which is a comprehensive basis of accounting other than accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requriements for Federal Awards. Therefore, some amounts presented in this schedule may defer from amounts presented in, or used 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.
The following amounts were expended in the form of non-cash assistance by Trico Community Unit School District #176 and should be included in the Expenditures of Federal Awards: NON-CASH COMMODITIES (CFDA 10.555): $22,533; OTHER NON-CASH ASSISTANCE - DEPARTMENT OF DEFENSE FRUITS AND VEGETABLES (CFDA 10.582): $17,072; Total Non-Cash $39,605