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 accounting principles, generally accepted in the United States of America.
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 Stroudsburg Area 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 Stroudsburg Area School District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Stroudsburg Area 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 accounting principles, generally accepted in the United States of America.
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 accounting principles, generally accepted in the United States of America.
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 7.8% of its total general fund revenue in federal awards, and 63.7% 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 accounting principles, generally accepted in the United States of America.
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 accounting principles, generally accepted in the United States of America.
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 awards passed through the Colonial and other Intermediate Units, 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 Pennsylvania, these awards are reported on the basic financial statements as local source 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 District received non-monetary assistance from the U.S. Department of Agriculture of $276,514 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 $281,396 in commodities and established a year-end inventory of $1,644 at June 30, 2023. 4. The Medical Access grant passed though the PA Department of Education is reflected as federal source revenue on the basic financial statements; however, pursuant to instructions from the Commonwealth of PA, it is not reported as revenue on the Schedule of Expenditures of Federal Awards: "See Notes to the SEFA for chart/table". 5. Of the $16,571 reported in the accrued or (Deferred) column at June 30, 2023, $362 was the result of an overpayment by the Pennsylvania Department of Education (PDE) for the Title II Program. This amount is due back to PDE as of June 30, 2023. 6. The amount of ARP ESSER expenditures reported on the prior year’s Schedule of Expenditures of Federal awards was overstated by $406,045 due to the expenditures for ARP ESSER Set-Asides for Learning Loss, Summer School, and After School and 2.5% SEA Reserve being reported within the ARP ESSER grant. As a result, Learning Loss was understated by $256,232, Summer School was understated by $50,262, After School was understated $51,821, and the SEA Reserve was understated by $47,730 on the 21-22 SEFA. The amount reported in the Accrued or (Deferred) column for 7/1/22 have been adjusted to reflect the corrections made on the 21-22 SEFA for ARP ESSER, the ARP ESSER Set-Asides, and the 2.5% SEA Reserve: "See Notes to the SEFA for chart/table".