Title: NOTE A - Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Orleans Parish School Board (the School Board) and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The School Board has an indirect cost rate that is provided by the Louisiana Department of Education.
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Orleans Parish School Board (the School Board) and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: NOTE B - Non-cash Assistance - Food Commodities
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Orleans Parish School Board (the School Board) and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The School Board has an indirect cost rate that is provided by the Louisiana Department of Education.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed. During the year ended June 30, 2023, the School Board received and disbursed $375,587 in commodities.
Title: NOTE C - De Minimus Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Orleans Parish School Board (the School Board) and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The School Board has an indirect cost rate that is provided by the Louisiana Department of Education.
During the year ended June 30, 2023, the School Board did not elect to use the 10% de minimus cost rate as covered in §200.414 of the Uniform Guidance. Instead, the School Board has an indirect cost rate that is provided by the Louisiana Department of Education.
Title: NOTE D - Reconciliation to Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Orleans Parish School Board (the School Board) and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The School Board has an indirect cost rate that is provided by the Louisiana Department of Education.
General Fund $ 2,232,457
Elementary & Secondary School Emergency Relief (ESSER) 25,106,779
Every Student Succeeds Act (ESSA) 7,199,923
IDEA 4,391,411
School Food Service 4,187,329
Other Federal Funds 894,480
Hurricane Katrina Restoration (FEMA) 1,192,364
Total Federal Restricted Grants-in-Air per Financial Statements 45,203,743
Plus: FEMA Expenditures previously not reported 1,522,014
Total Federal Expenditures $ 46,725,757
Title: NOTE E - Disaster Grants-Public Assistance
Accounting Policies: The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Orleans Parish School Board (the School Board) and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The School Board has an indirect cost rate that is provided by the Louisiana Department of Education.
Non-Federal entities must record expenditures on the SEFA when: (1) Federal Emergency Management Agency (FEMA) has approved the non-Federal entity’s project worksheet (PW), and (2) the non-Federal entity has incurred the eligible expenditures. In 2023, FEMA had approved $1,522,014 of eligible expenditures that were incurred in a prior year and are not previously included on the Schedule.