Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented on the modified accrual basis of accounting for all federal awards charged to governmental funds and on the accrual basis of accounting for all federal awards charged to proprietary funds, as contemplated by generally accepted acconting principles.
De Minimis Rate Used: N
Rate Explanation: The District did not charge any indirect costs to any of their federal grants and programs during this fiscal year. As such, the District did not use the 10% de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of East Penn School District 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 the 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 East Penn School District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of East Penn School District.
Title: Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented on the modified accrual basis of accounting for all federal awards charged to governmental funds and on the accrual basis of accounting for all federal awards charged to proprietary funds, as contemplated by generally accepted acconting principles.
De Minimis Rate Used: N
Rate Explanation: The District did not charge any indirect costs to any of their federal grants and programs during this fiscal year. As such, the District did not use the 10% de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards is presented on the modified accrual basis of accounting for all federal awards charged to governmental funds and on the accrual basis of accounting for all federal awards charged to proprietary funds, as contemplated by accounting principles, generally accepted in the United States of America.
Title: Organization and Scope
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented on the modified accrual basis of accounting for all federal awards charged to governmental funds and on the accrual basis of accounting for all federal awards charged to proprietary funds, as contemplated by generally accepted acconting principles.
De Minimis Rate Used: N
Rate Explanation: The District did not charge any indirect costs to any of their federal grants and programs during this fiscal year. As such, the District did not use the 10% de minimis cost rate.
The District recognized 2.5% of its total general fund revenue in federal awards, and 46.6% of its total enterprise fund revenue.
Title: Indirect Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented on the modified accrual basis of accounting for all federal awards charged to governmental funds and on the accrual basis of accounting for all federal awards charged to proprietary funds, as contemplated by generally accepted acconting principles.
De Minimis Rate Used: N
Rate Explanation: The District did not charge any indirect costs to any of their federal grants and programs during this fiscal year. As such, the District did not use the 10% de minimis cost rate.
The District did not charge any indirect costs to any of their federal grants and programs during this fiscal year. As such, the District did not use the 10% de minimis cost rate.
Title: Program Disclosure
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented on the modified accrual basis of accounting for all federal awards charged to governmental funds and on the accrual basis of accounting for all federal awards charged to proprietary funds, as contemplated by generally accepted acconting principles.
De Minimis Rate Used: N
Rate Explanation: The District did not charge any indirect costs to any of their federal grants and programs during this fiscal year. As such, the District did not use the 10% de minimis cost rate.
1. The federal award, passed through the Carbon-Lehigh I.U., under the U.S. Department of Education heading, is part of a consortium of participating school districts. In accordance with directions from the Commonwealth of Pennslyvania, these awards are reported on the basic finanical statements as local revenue. 2. The Federal Grants were passed through the following entities in the totals below: "See Notes to the SEFA for chart/table." 3. The Transportation Access passed through the Carbon-Lehigh I.U. is reflected as federal local source revenue on the basic finanical statements; however, pursuant to instructions form the Commonwealth of PA it is not reported as revenue on the Schedule of Federal Awards. 4. The District received non-monetary assistance from the U.S. Department of Agriculture of $266,915 in the form of commodities. These commodities are valued at U.S.D.A's approximate costs. During the 2022-23 fiscal year, the District used $263,367 in commodities and established a year-end inventory of $49,395 at June 30, 2023. 5. The Medical Access grant passed through the PA Department of Education is reflected as federal source revenue on the basic financial statements; however, pursuant to instructions from the Commmonwealth of PA, it is not reported as revenue on the Schedule of Federal Awards: "See the Notes to the SEFA for chart/table."