Title: Reconciliation to the Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal revenues per the financial statements equal the federal expenditures per the Schedule.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
No amounts were provided to subrecipients.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Bloomingdale School District #16 under programs of the federal government for the year ended June 30, 2022. 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 Bloomingdale School District #16, it is not intended to and does not present the financial position or changes in financial position of Bloomingdale School District #16.
Title: Adjustments
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Adjustments on the Schedule are detailed as follows:(1)Amount represents costs that had been incurred during the year, but adjusted to other funding sources after the funds had already been received. The District's end of year receivable was lowered to reflect this change.
Title: Michigan Department of Education Disclosures
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amounts reported on the recipient entitlement balance report agree with the Schedule for U.S.D.A. donated food commodities.The federal amounts reported on the grant auditor report are in agreement with the Schedule except as follows: ALN: 10.555, Grant #: 221961, Payments per the GAR as of June 30: $519,100, Received by the District as of June 30: $510,655, Difference: $8,445. ALN: 10.553, Grant #: 221971, Payments per the GAR as of June 30: $190,605, Received by the District as of June 30: $186,911, Difference: $3,694. The difference above represents payments disbursed by year end per the GAR, but not received by the District until after year end.Additionally, the following payments were missing from the GAR, but were made: ALN 10.553, Grant 221971, project 322, $13,837; ALN 10.555, Grant 221961, project 322, $40,317. This is believed to be a technological error on the GAR, and as such, the payments received column on the Schedule reflects these amounts.