Title: Note 1. Purpose of the Schedule
Accounting Policies: Modified Accural Basis
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10 percent de minimis indirect cost rate during the 2022-23 fiscal year.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Coos County School District No. 9 for the year ended June 30, 2023.
Title: Note 2. Basis of Presentation
Accounting Policies: Modified Accural Basis
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10 percent de minimis indirect cost rate during the 2022-23 fiscal year.
The accompany schedule of expenditures of federal awards is presented on the modified accrual basis of accounting as described in Note 1 to the District’s basic financial statements. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Title: Note 3. Subrecipients
Accounting Policies: Modified Accural Basis
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10 percent de minimis indirect cost rate during the 2022-23 fiscal year.
During the year ended June 30, 2023, Coos County School District No. 9 provided $134,791 in ESF grant funding (AL# 84.425U) to the Lighthouse School, a charter school sponsored by the District.
Title: Note 4. De Minimus Cost Rate
Accounting Policies: Modified Accural Basis
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10 percent de minimis indirect cost rate during the 2022-23 fiscal year.
The District did not elect to use the 10 percent de minimis indirect cost rate during the 2022-23 fiscal year.
Title: Note 5. Federal Financial Assistance
Accounting Policies: Modified Accural Basis
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10 percent de minimis indirect cost rate during the 2022-23 fiscal year.
Pursuant to Uniform Guidance, federal financial assistance is defined as assistance provided by a federal agency, either directly or indirectly, in the form of grants, contracts, cooperative agreements, loans, loan guarantees, property, interest subsidies, insurance or direct appropriations. Accordingly, non-monetary federal assistance, including federal surplus property, is included in federal financial assistance and, therefore, is reported on the Schedule, if applicable. Federal financial assistance does not include direct federal cash assistance to individuals. Solicited contracts between the state and federal governments for which the federal government procures tangible goods or services are not considered to be federal financial assistance.
Title: Note 6. Major Programs
Accounting Policies: Modified Accural Basis
De Minimis Rate Used: N
Rate Explanation: The District did not elect to use the 10 percent de minimis indirect cost rate during the 2022-23 fiscal year.
Uniform Guidance established criteria to be used in defining major federal financial assistance programs. Major programs for the District are those programs selected for testing by the auditor using a risk-assessment model, as well as certain minimum expenditure requirements, as outlined in Uniform Guidance. Programs with similar requirements may be grouped into a cluster for testing purposes.