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 Mt. Pleasant Public Schools 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 Mt. Pleasant Public Schools, it is not intended to and does not present the financial position, changes in financial positions of Mt. Pleasant Public Schools.
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 following reconciles the federal revenue reported in the June 30, 2022 financial statements to the expenditures on Mt. Pleasant Public Schools administered federal programs reported on the schedule of expenditures of federal awards: Federal expenditures per the schedule of expenditures of federal awards: $6,259,504, Child Care Relief Fund Grants received as a beneficiary: $162,320, Federal revenue per the financial statements: $6,421,824.
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. Program Title: COVID-19 ESSER II Discretionary - 23b(2a) Summer School, Assistance Listing Number: 84.425D, Grant/Project Number: 213722, Receipts per GAR: $54,323, Receipts per SEFA: $0, Difference: $54,323. Program Title: COVID-19 Elementary and Secondary School Emergency Relief (ESSER II Formula), Assistance Listing Number: 84.425D, Grant/Project Number: 213712, Receipts per GAR: $1,477,732, Receipts per SEFA: $300,605, Difference: $1,177,127. Program Title: COVID-19 Elementary and Secondary School Emergency Relief (ESSER I Equity), Assistance Listing Number: 84.425D, Grant/Project Number: 203720, Receipts per GAR: $77,704, Receipts per SEFA: $43,348, Difference: $34,356. Program Title: COVID-19 Elementary and Secondary School Emergency Relief (ESSER I Formula), Assistance Listing Number: 84.425D, Grant/Project Number: 203710, Receipts per GAR: $647,339, Receipts per SEFA: $552,544, Difference: $94,795. Program Title: Student Support and Academic Enrichment Program 2021-22, Assistance Listing Number: 84.424A, Grant/Project Number: 210775, Receipts per GAR: $153, Receipts per SEFA: $0, Difference: $153. Program Title: COVID-19 Governor's Emergency Education Relief (GEER II), Assistance Listing Number: 84.425C, Grant/Project Number: 211202, Receipts per GAR: $64,000, Receipts per SEFA: $0, Difference: $64,000. Program Title: COVID-19 ESSER II Discretionary - 23b(2b) Credit Recovery, Assistance Listing Number: 84.425D, Grant/Project Number: 213742, Receipts per GAR: $19,855, Receipts per SEFA: $0, Difference: $19,855. Program Title: COVID-19 ESSER II Discretionary - Benchmark Assessments, Assistance Listing Number: 84.425D, Grant/Project Number: 213762, Receipts per GAR: $27,563, Receipts per SEFA: $0, Difference: $27,563. Program Title: Title I State Agency Program for Neglected and Delinquent Children and Youth 2021-22, Assistance Listing Number: 84.010, Grant/Project Number: 221700, Receipts per GAR: $11,593, Receipts per SEFA: $0, Difference: $11,593. Program Title: Supporting Effective Instruction State Grants 2021-22, Assistance Listing Number: 84.367, Grant/Project Number: 220520, Receipts per GAR: $120,340, Receipts per SEFA: $0, Difference: $120,340. Program Title: Title I Grants to Local Educational Agencies 2021-22, Assistance Listing Number: 84.010, Grant/Project Number: 221530, Receipts per GAR: $697,162, Receipts per SEFA: $0, Difference: $697,162. Program Title: Adult Education - Basic Grants to States 2021-22, Assistance Listing Number: 84.002, Grant/Project Number: 221130, Receipts per GAR: $73,793, Receipts per SEFA: $0, Difference: $73,793. Program Title: Adult Education - Basic Grants to States 2021-22, Assistance Listing Number: 84.002, Grant/Project Number: 221190, Receipts per GAR: $25,755, Receipts per SEFA: $0, Difference: $25,755. Program Title: COVID-19 Seamless Summer Option (SSO) - Breakfast 2021-22, Assistance Listing Number: 10.553, Grant/Project Number: 221971, Receipts per GAR: $703,884, Receipts per SEFA: $601,361, Difference: $102,523. Program Title: COVID-19 Seamless Summer Option (SSO) - Lunch 2021-22, Assistance Listing Number: 10.553, Grant/Project Number: 221961, Receipts per GAR: $1,292,670, Receipts per SEFA: $1,104,116, Difference: $188,554. 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.
Title: Prior Year Expenditures
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.
Certain grants that were awarded as a result of COVID-19, allowed recipients to reimburse eligible costs incurred during the prior year ended June 30, 2021. Therefore, $300,605 of prior year expenditures related to 84.425D COVID-19 Elementary and Secondary School Emergency Relief (ESSER II Formula) are included in the June 30, 2022 Schedule of Expenditures of Federal Awards.