Title: Relationship to Basic Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal awards programs of the Bienville Parish School Board (the School Board) 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). Because the schedule presents only a selected portion of the operations of the School Board, it is not intended to and does not present the financial position or change in net assets of the School Board. The accompanying schedule of expenditures of federal awards is presented using the
modified accrual basis of accounting, which is described in Note 1 of the notes to the basic financial statements of the School Board's Annual Financial Report. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bienville Parish School Board has elected not to use the 10 percent de minimis cost rate.
The Federal award revenues reported in the School Board's basic financial statements
Title: Relationship to Federal Financial reports
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal awards programs of the Bienville Parish School Board (the School Board) 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). Because the schedule presents only a selected portion of the operations of the School Board, it is not intended to and does not present the financial position or change in net assets of the School Board. The accompanying schedule of expenditures of federal awards is presented using the
modified accrual basis of accounting, which is described in Note 1 of the notes to the basic financial statements of the School Board's Annual Financial Report. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bienville Parish School Board has elected not to use the 10 percent de minimis cost rate.
Amounts reported in the accompanying schedule agree with the amounts reported in the related federal financial reports except for changes made to reflect amounts in
accordance with accounting principles generally accepted in the United States of America.
Title: Matching Revenues
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal awards programs of the Bienville Parish School Board (the School Board) 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). Because the schedule presents only a selected portion of the operations of the School Board, it is not intended to and does not present the financial position or change in net assets of the School Board. The accompanying schedule of expenditures of federal awards is presented using the
modified accrual basis of accounting, which is described in Note 1 of the notes to the basic financial statements of the School Board's Annual Financial Report. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bienville Parish School Board has elected not to use the 10 percent de minimis cost rate.
For those funds that have matching revenues and state funding, federal expenditures were determined by deducting matching revenues from total expenditures
Title: Non-Cash Programs
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal awards programs of the Bienville Parish School Board (the School Board) 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). Because the schedule presents only a selected portion of the operations of the School Board, it is not intended to and does not present the financial position or change in net assets of the School Board. The accompanying schedule of expenditures of federal awards is presented using the
modified accrual basis of accounting, which is described in Note 1 of the notes to the basic financial statements of the School Board's Annual Financial Report. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bienville Parish School Board has elected not to use the 10 percent de minimis cost rate.
The commodities received, which are non-cash revenues, are valued using prices provided by the United States Department of Agriculture.