Title: NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the
“Schedule”) includes the federal award activity of DeSoto Parish 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). The School Board's
reporting entity is defined in Note 1 of the Notes to the financial statements of the School Board's Annual
Comprehensive Financial Report. Because the Schedule presents only a selected portion of the operations of
DeSoto Parish School Board, it is not intended to and does not present the financial position, changes in net
position, or cash flows of DeSoto Parish School Board.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the
Schedule are reported on the modified accrual basis of accounting, which is described in Note 1 of the Notes to
the financial statements of the School Board's Annual Comprehensive Financial Report. Such expenditures are
recognized following 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: The auditee did not elect to use the de minimis cost rate.
NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS Federal awards revenues are
reported in the School Board's financial statements as follows:
Major Fund:
General Fund $ 115,362
Education Stabilization Fund 6,529,133
Nonmajor Fund:
Educational Consolidation & Improvement Act - Title I 1,615,405
Improving Teacher Quality - Title II 217,048
Special Education 1,402,959
Title IV A-SSAE 159,021
Teacher Incentive 80,327
Jobs for America's Graduates 130,558
School Food Service 2,838,356
Vocational Grants 72,675
Early Childhood Development 638,296
Homeless Assistance 10,818
Rural Education 129,089
Direct Student Services ESSA 11,901
Miscellaneous Grants 28,539
Total per Statement E $ 13,979,487
Title: NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the
“Schedule”) includes the federal award activity of DeSoto Parish 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). The School Board's
reporting entity is defined in Note 1 of the Notes to the financial statements of the School Board's Annual
Comprehensive Financial Report. Because the Schedule presents only a selected portion of the operations of
DeSoto Parish School Board, it is not intended to and does not present the financial position, changes in net
position, or cash flows of DeSoto Parish School Board.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the
Schedule are reported on the modified accrual basis of accounting, which is described in Note 1 of the Notes to
the financial statements of the School Board's Annual Comprehensive Financial Report. Such expenditures are
recognized following 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: The auditee did not elect to use the de minimis cost rate.
NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS 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: NOTE 5 - MATCHING REVENUES
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the
“Schedule”) includes the federal award activity of DeSoto Parish 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). The School Board's
reporting entity is defined in Note 1 of the Notes to the financial statements of the School Board's Annual
Comprehensive Financial Report. Because the Schedule presents only a selected portion of the operations of
DeSoto Parish School Board, it is not intended to and does not present the financial position, changes in net
position, or cash flows of DeSoto Parish School Board.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the
Schedule are reported on the modified accrual basis of accounting, which is described in Note 1 of the Notes to
the financial statements of the School Board's Annual Comprehensive Financial Report. Such expenditures are
recognized following 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: The auditee did not elect to use the de minimis cost rate.
NOTE 5 - MATCHING REVENUES For those funds that have matching revenues and state funding, federal
expenditures were determined by deducting matching revenues from total expenditures.
Title: NOTE 6 - NONCASH PROGRAMS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the
“Schedule”) includes the federal award activity of DeSoto Parish 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). The School Board's
reporting entity is defined in Note 1 of the Notes to the financial statements of the School Board's Annual
Comprehensive Financial Report. Because the Schedule presents only a selected portion of the operations of
DeSoto Parish School Board, it is not intended to and does not present the financial position, changes in net
position, or cash flows of DeSoto Parish School Board.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the
Schedule are reported on the modified accrual basis of accounting, which is described in Note 1 of the Notes to
the financial statements of the School Board's Annual Comprehensive Financial Report. Such expenditures are
recognized following 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: The auditee did not elect to use the de minimis cost rate.
NOTE 6 - NONCASH PROGRAMS The commodities received, which are noncash revenues, are valued
using prices provided by the United States Department of Agriculture.