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 certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bloomingdale School District #16 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 (the Schedule) includes the federal award activity of Bloomingdale School District #16 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 Bloomingdale School District #16, it is not intended to and does not present the financial position or changes in financial position of Bloomingdale School District #16.
Title: Reconciliation to the 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 certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bloomingdale School District #16 has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Federal revenues per the financial statements equal the federal expenditures per the Schedule.
Title: Subrecipients
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 certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bloomingdale School District #16 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 Schedule 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: Bloomingdale School District #16 has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The amounts reported on the recipient entitlement balance report agree with the Schedule for U.S.D.A. donated food commodities. The federal amounts reported on the grant auditor report are in agreement with the Schedule except as follows:
See the Notes to the SEFA for chart/table.
The difference above represents payments disbursed by year end per the GAR, but not received by the District until after year end.
Additionally, the following payments were missing from the GAR during the 2021-2022 fiscal year, but were made: ALN 10.553, Grant 221971, project 322, $13,837; ALN 10.555, Grant 221961, project 322, $40,317. This was believed to be a technological error on the GAR, and as such, the payments received column on the Schedule for 2021-2022 reflects these amounts. These amounts now show on the 2022-2023 GAR, even though they were made in 2021-2022.