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 accounting 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 Upper Perkiomen 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 Upper Perkiomen School District, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Upper Perkiomen 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 accounting 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 generally accepted accounting principles.
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 accounting 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 3.1% of its total general fund revenue in federal awards, and 51.4% 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 accounting 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 accounting 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 awards passed through the Montgomery County Intermediate Unit, 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 $95,122 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 $88,781 in commodities, and established a year-end inventory of $11,554 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 $20,366 of expenditures reported for the Title II grant, $20,366 were incurred in the prior year. 6. Of the $102,315 received from the ESSER I grant in the 2022-23 fiscal year, $63,233 was not spent within the grant period and is due back to the Pennsylvania Commission on Crime and Delinquency as of June 30, 2023. 7. The amount of ARP ESSER Learning Loss revenue reported on the prior year’s Schedule of Expenditures of Federal Awards was overstated by $10,500. The opening accrual on 7/1/22 has been reduced by $10,500 to account for the changes on the Schedule of Expenditures of Federal Awards for the year ended June 30, 2022. 8. In the prior year, the District received $1,059 from the ARP ESSER Homeless Children and Youth grant that was deferred; however, it was not included on the Schedule of Expenditures of Federal Awards for the year ended June 30, 2022. 9. Of the $1,116 of expenditures reported for the IDEA Section 619 grant, $1,116 were incurred in the prior year. 10. The $962 reported in the Accrued or (Deferred) column at June 30, 2022 for the Title III program was not received during the 2022-23 fiscal year, and is no longer receivable as of June 30, 2023. The opening accrual on 7/1/2022 has been reduced by $962 to account for the changes on the Schedule of Expenditures of Federal Awards for the year ended June 30, 2022. 11. The $707 reported in the Accrued or (Deferred) column at June 30, 2022 for the Title III program was not received during the 2022-23 fiscal year, and is no longer receivable as of June 30, 2023. The opening accrual on 7/1/2022 has been reduced by $707 to account for the changes to the Schedule of Expenditures of Federal Awards for the year ended June 30, 2022.