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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
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 Bridgeport-Spaulding Community School District 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 Bridgeport-Spaulding Community School District, it is not intended to and does not present the financial position, changes in financial positions of Bridgeport-Spaulding Community School District.
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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The federal revenues per the financial statements reconcile to the schedule of expenditures of federal awards as follows: Total Expenses per schedule of expenditures for federal awards: $5,112,762, Adjustments: $(111), Total Federal revenue per the financial statements. An adjustment to the schedule of expenditures of federal awards of $111 was made for grant 210520 Supporting Effective Instruction State Grants (AL #84.367) for expenditures and accounts receivable from the prior year deemed unallowable.
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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
No amounts were provided to subrecipients.
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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The federal amounts reported on the grant auditor report are in agreement with the schedule of expenditures of federal awards except for the following timing difference of when the deposit was made: Title I Grant to Local Educational Agencies 211530, Receipts per GAR: $120,298, Receipts per SEFA: $237,846, Difference: $(117,548). Supporting Effective Instruction State Grants 210520, Receipts per GAR: $(111), Receipts per SEFA: $45,291, Difference: $(45,402). COVID-19 Elementary and Secondary School Emergency Relief Fund (ESSER I Equity) 203720, Receipts per GAR: $63,389, Receipts per SEFA: $54,838, Difference: $8,551. COVID-19 Elementary and Secondary School Emergency Relief Fund (ESSER II Formula) 213712, Receipts per GAR: $1,358,633, Receipts per SEFA: $1,230,594, Difference: $128,039. The amounts reported on the recipient entitlement balance report agree with the schedule of expenditures of federal awards for U.S.D.A. donated food commodities.