Title: Basis of Presentation
Accounting Policies: Expenditures reported on the SEFA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Trenton Public Schools has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of Trenton Public Schools 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 Trenton Public Schools, it is not intended to and does not present the financial position and changes in financial position of Trenton Public Schools.
Title: Reconciliation to the Financial Statements
Accounting Policies: Expenditures reported on the SEFA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Trenton Public Schools has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The federal revenues per the financial statements reconcile with the schedule of expenditures of federal awards as follows: Expenditures per the schedule of expenditures of federal awards: $ 3,607,959, Beneficiary payments from federal sources
not reportable on the schedule of
expenditures of federal awards: $259,244, Federal revenues per the financial
statements: $ 3,867,203.
Title: Subrecipients
Accounting Policies: Expenditures reported on the SEFA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Trenton Public Schools has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
No amounts were provided to subrecipients.
Title: Michigan Department of Education Disclosures
Accounting Policies: Expenditures reported on the SEFA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Trenton Public Schools has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The federal amounts reported on the Grant Auditor Report and the Wayne RESA Subrecipient Schedule are in agreement with the schedule of expenditures of federal awards except for the following differences caused by the timing of cash receipts: Federal Grantor Program Title: School Breakfast Program, Assistance Listing Number: 10.553, Grant Number: 221971, Grant document: Grant Auditor Report, Cash Receipts per SEFA: $ 22,075, Cash Receipts per Funder Confirmation: $ - , Variance: $ 22,075
Federal Grantor Program Title: School Lunch Program, Assistance Listing Number: 10.555, Grant Number: 221961, Grant document: Grant Auditor Report, Cash Receipts per SEFA: 47,640, Cash Receipts per Funder Confirmation: -, Variance: 47,640
Federal Grantor Program Title: Title II - Part A, Assistance Listing Number: 84.367, Grant Number: 230520, Grant document: Grant Auditor Report, Cash Receipts per SEFA: 70,000, Cash Receipts per Funder Confirmation: 73,071, Variance: (3,071)
Federal Grantor Program Title: COVID-19 - ESSER III Formula Funds, Assistance Listing Number: 84.425U, Grant Number: 213713, Grant document: Grant Auditor Report, Cash Receipts per SEFA: 781,352, Cash Receipts per Funder Confirmation: 803,262, Variance: (21,910)
Federal Grantor Program Title: IDEA Flowthrough, Assistance Listing Number: 84.027, Grant Number: 220450, Grant document: Wayne RESA, Cash Receipts per SEFA: 146,246, Cash Receipts per Funder Confirmation: 10,821, Variance: 135,425
Federal Grantor Program Title: COVID-19 Preschool Incentive - ARP, Assistance Listing Number: 84.173X, Grant Number: 221285, Grant document: Wayne RESA, Cash Receipts per SEFA: 15,989, Cash Receipts per Funder Confirmation: 2,985, Variance: 13,004
The amounts reported on the recipient entitlement balance report agree with the schedule of expenditures of federal awards for U.S.D.A. donated food commodities.