Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule of Federal Expenditures 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 a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met. Expenditures on this schedule reconcile with amounts reported in the financial statements and the financial reports submitted to the Michigan Department of Education. Management has utilized the MDE NexSys Grant Auditors Report (GAR) in preparing the Schedule of Expenditures of Federal Awards. The amounts reported on the Recipient Entitlement Balance Report, or PAL Report, agree with this schedule for USDA donated food commodities and are reported in the Cash Receipts column. Expenditures include spoilage or pilferage.
De Minimis Rate Used: N
Rate Explanation: Alcona Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Alcona Community Schools 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 Alcona Community Schools, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Alcona Community Schools.
Title: Reconciliation to the Michigan Department of Education (MDE) NexSys Grant Section Auditors Report (GAR):
Accounting Policies: Expenditures reported on the Schedule of Federal Expenditures 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 a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met. Expenditures on this schedule reconcile with amounts reported in the financial statements and the financial reports submitted to the Michigan Department of Education. Management has utilized the MDE NexSys Grant Auditors Report (GAR) in preparing the Schedule of Expenditures of Federal Awards. The amounts reported on the Recipient Entitlement Balance Report, or PAL Report, agree with this schedule for USDA donated food commodities and are reported in the Cash Receipts column. Expenditures include spoilage or pilferage.
De Minimis Rate Used: N
Rate Explanation: Alcona Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
Total Current Year Receipts per the MDE NexSys Grant Section Auditors Report $2,106,730 Addition of receipts not passed through the Michigan Department of Education and not included in the NexSys System: Food Distribution for National Lunch Program: 55030 Entitlement Commodities 25,874 55030 Bonus Commodities 6,953 Emergency Connectivity Fund Program - 2022 66,874 Section 32n Before and After School Program 16,260 Perkins Grant 2022-2023 16,025 MDHHS Health Resource Advocate Funding 112,000 Medical Assistance Program Title XIX: Medicaid Outreach Claims 2023 3,925 Plus receipts included in the NexSys System at June 30, 2022 that were not received by the District until the current fiscal year-end: COVID-19 - Benchmark Assessments 211222 2022 5,500 COVID 19 - ESSER III 213713 2122 147,773 Less receipts included in the NexSys System at June 30, 2023 that were not received by the District until after year-end: Title I - Grants to Local Educational Agencies: Part A Imp Basic Pro 231530 2223 $(19,321) Title V Part B Rural Education Achievement Program 230660 2223 (1,365) Title IIA: Supporting Effective Instruction 2305202223 (2,255) Title IV Part A: Student Support & Academic Enrichment 230750 2223 (1,543) COVID 19 - ESSER III 213713 2122 (255,004) Total Current Year Receipts on the Schedule of Expenditures of Federal Awards $2,228,426.
Title: Reconciliation to Financial Statements:
Accounting Policies: Expenditures reported on the Schedule of Federal Expenditures 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 a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met. Expenditures on this schedule reconcile with amounts reported in the financial statements and the financial reports submitted to the Michigan Department of Education. Management has utilized the MDE NexSys Grant Auditors Report (GAR) in preparing the Schedule of Expenditures of Federal Awards. The amounts reported on the Recipient Entitlement Balance Report, or PAL Report, agree with this schedule for USDA donated food commodities and are reported in the Cash Receipts column. Expenditures include spoilage or pilferage.
De Minimis Rate Used: N
Rate Explanation: Alcona Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
General Fund $1,103,593 Special Revenue Funds: Food Service Fund 535,604 Federal Revenue on the Schedule of Expenditures of Federal Awards $1,639,197.