Title: NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the
“Schedule”) includes the federal award activity of the Ouachita Parish School Board (the School Board), West
Monroe, Louisiana 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). The School Board's reporting entity is defined in Note 1 of the Notes to the Financial Statements of the
School Board's Comprehensive Annual Financial Report. Federal awards received directly from federal agencies, as
well as federal awards passed through other government agencies, are included on the Schedule. Because the
Schedule presents only a selected portion of the operations of the School Board, it is not intended to and does not
present the financial positon, changes in fund balances, or cash flows of the School Board.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying Schedule is
presented using the modified accrual basis of accounting, which is described in Note 1 of the Notes to the Financial
Statements of the School Board's Comprehensive Annual Financial Report. Such expenditures are recognized
following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee has elected not to use the de minimis cost rate.
NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS Federal awards revenues are reported
in the School Board's basic financial statements as follows:
Funds Federal Sources
Major Funds:
General 339,578
Education Stabilization 22,567,850
Nonmajor Funds:
School Food Service 11,346,873
Title I Programs 8,129,372
Special Education IDEA-B 5,340,768
Other Federal Programs 1,452,743
Total $ 49,177,184
Title: NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the
“Schedule”) includes the federal award activity of the Ouachita Parish School Board (the School Board), West
Monroe, Louisiana 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). The School Board's reporting entity is defined in Note 1 of the Notes to the Financial Statements of the
School Board's Comprehensive Annual Financial Report. Federal awards received directly from federal agencies, as
well as federal awards passed through other government agencies, are included on the Schedule. Because the
Schedule presents only a selected portion of the operations of the School Board, it is not intended to and does not
present the financial positon, changes in fund balances, or cash flows of the School Board.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying Schedule is
presented using the modified accrual basis of accounting, which is described in Note 1 of the Notes to the Financial
Statements of the School Board's Comprehensive Annual Financial Report. Such expenditures are recognized
following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee has elected not to use the de minimis cost rate.
NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS Amounts reported in the accompanying
schedule agree with the amounts reported in the related federal basic financial reports except for changes made to
reflect amounts in accordance with accounting principles generally accepted in the United States of America.
Title: NOTE 5 - MAJOR FEDERAL AWARDS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the
“Schedule”) includes the federal award activity of the Ouachita Parish School Board (the School Board), West
Monroe, Louisiana 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). The School Board's reporting entity is defined in Note 1 of the Notes to the Financial Statements of the
School Board's Comprehensive Annual Financial Report. Federal awards received directly from federal agencies, as
well as federal awards passed through other government agencies, are included on the Schedule. Because the
Schedule presents only a selected portion of the operations of the School Board, it is not intended to and does not
present the financial positon, changes in fund balances, or cash flows of the School Board.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying Schedule is
presented using the modified accrual basis of accounting, which is described in Note 1 of the Notes to the Financial
Statements of the School Board's Comprehensive Annual Financial Report. Such expenditures are recognized
following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee has elected not to use the de minimis cost rate.
NOTE 5 - MAJOR FEDERAL AWARDS For those funds that have matching revenues and state funding, federal
expenditures were determined by deducting matching revenues from total expenditures.
Title: NOTE 6 - NONCASH PROGRAMS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the
“Schedule”) includes the federal award activity of the Ouachita Parish School Board (the School Board), West
Monroe, Louisiana 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). The School Board's reporting entity is defined in Note 1 of the Notes to the Financial Statements of the
School Board's Comprehensive Annual Financial Report. Federal awards received directly from federal agencies, as
well as federal awards passed through other government agencies, are included on the Schedule. Because the
Schedule presents only a selected portion of the operations of the School Board, it is not intended to and does not
present the financial positon, changes in fund balances, or cash flows of the School Board.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying Schedule is
presented using the modified accrual basis of accounting, which is described in Note 1 of the Notes to the Financial
Statements of the School Board's Comprehensive Annual Financial Report. Such expenditures are recognized
following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee has elected not to use the de minimis cost rate.
NOTE 6 - NONCASH PROGRAMS The commodities received, which are noncash revenues, are valued using
prices provided by the United States Department of Agriculture.