Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, where in certain types of expenditures are
not allowable or are limited as to reimbursement. Negative amounts, (if any) shown on the schedule represent adjustments
or credits made in the normal course of business to amounts reported as expenditures in prior years. Passthrough
entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Carsonville-Port Sanilac Schools has elected to not use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “schedule”) includes the
federal award activity of Carsonville-Port Sanilac Schools’ under programs of the federal government for the year
ended June 30, 2023. The information in this schedule is presented in accordance with requirements of Title 2 U.S.
Code of Federal Regulations (CFR) 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 Carsonville-Port Sanilac Schools, it is not intended to and does not present the financial position or
changes in net position of Carsonville-Port Sanilac Schools.
Management has utilized the NexSys, Cash Management System (CMS) and the Grant Auditor Report in preparing the
Schedule of Expenditures of Federal Awards. The District does not pass through federal funds.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, where in certain types of expenditures are
not allowable or are limited as to reimbursement. Negative amounts, (if any) shown on the schedule represent adjustments
or credits made in the normal course of business to amounts reported as expenditures in prior years. Passthrough
entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Carsonville-Port Sanilac Schools has elected to not use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Expenditures reported on the schedule are reported on the modified
accrual basis of accounting. 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. Negative
amounts (if any) shown on the schedule represent adjustments or credits made in the normal course of business to
amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where
available. The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform
Guidance.
Title: Reconciliation with Audited Financial Statements
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, where in certain types of expenditures are
not allowable or are limited as to reimbursement. Negative amounts, (if any) shown on the schedule represent adjustments
or credits made in the normal course of business to amounts reported as expenditures in prior years. Passthrough
entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Carsonville-Port Sanilac Schools has elected to not use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
See the Notes to the SEFA for chart/table
Title: Program clusters contained within the schedule are as follows
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, where in certain types of expenditures are
not allowable or are limited as to reimbursement. Negative amounts, (if any) shown on the schedule represent adjustments
or credits made in the normal course of business to amounts reported as expenditures in prior years. Passthrough
entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Carsonville-Port Sanilac Schools has elected to not use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Child Nutrition Cluster consists of Assistance Listing #10.553, #10.555, and #10.559.
Special Education (IDEA) Cluster of Assistance Listing #84.027a.