Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented on the modified accrual basis of accounting for all federal awards charged to governmental funds and on the accrual basis of accounting for all federal awards charged to proprietary funds, as contemplated by accounting principles, generally accepted in the United States of America.
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 the School District of Upper Dublin 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 the 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 the School District of Upper Dublin, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the School District of Upper Dublin.
Title: Organization and Scope
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented on the modified accrual basis of accounting for all federal awards charged to governmental funds and on the accrual basis of accounting for all federal awards charged to proprietary funds, as contemplated by accounting principles, generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District recognized 1.2% of its total general fund revenue in federal awards, and 91.8% of its total enterprise fund revenue.
Title: Program Disclosure - Footnotes
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented on the modified accrual basis of accounting for all federal awards charged to governmental funds and on the accrual basis of accounting for all federal awards charged to proprietary funds, as contemplated by accounting principles, generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
1. The federal awards passed through the Montgomery County Intermediate Unit, under the U.S. Department of Education heading, is part of a consortium of participating school districts. In accordance with directions from the Commonwealth of Pennsylvania, the awards are reported on the basic financial statements as local source revenue. 2. The Federal Grants were passed through the following entities in the totals below: "See the Notes to the SEFA for chart/table" 3. The District received non-monetary assistance from the U.S. Department of Agriculture of $150,144 in the form of commodities. These commodities are valued at U.S.D.A.s approximate costs. During the 2021-22 fiscal year, the District used $141,524 in commodities and established a year-end inventory of $8,620 at June 30, 2022. 4. The amount recognized as revenue in the Schedule of Expenditures of Federal Awards, under the U.S. Department of Agriculture heading, represents the commodities used, versus the commodities received, which are recognized as revenue in the basic financial statements. 5. The Medical Access grant passed through the PDE is reflected as federal source revenue on the basic financial statements; however pursuant to instructions from the Commonwealth of PA, it is not reported as revenue on the Schedule of Expenditures of Federal Awards.