Notes to SEFA
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 Saginaw Intermediate School District has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Saginaw Intermediate School District under programs of the federal government for the year ended June 30, 2023. 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 the Saginaw Intermediate School District, it is not intended to and does not present the financial position and changes in financial positions, of the Saginaw Intermediate 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.
De Minimis Rate Used: N
Rate Explanation: The Saginaw Intermediate School District has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
See the Notes to the SEFA for the chart/table.
An adjustment to the schedule of expenditures of federal awards of $1,800 was made for grant 211570 Title I (AL# 84.010) for a takeback of funds in the current year. Adjustments of $34 and $16 were also made to grants 230580 English Language Acquisition State Grants (AL #84.365) and Great Start to Quality Resource Center Orientation (AL #93.575), respectively for changes that were made on the final expenditure report in the
prior year.
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 Saginaw Intermediate School District has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
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:
See the Notes to the SEFA for the chart/table.
On the audit report for the prior year, there was a receivable of $1,963 for grant 210460 PL 94-142 Preschool Incentive 2020-21 (AL# 84.173), however on the grant auditor report in the current year, the payment came through for grant 220460 PL 94-142 Preschool Incentive 2021-22 (AL# 84.173).
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: Grant Number Guidance
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 Saginaw Intermediate School District has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform
Guidance.
In the prior year, the Pregnancy Assistance Fund Program was listed under assistance listing number 93.500. In the current year, the same grant was listed as assistance listing number 93.994 per instruction from the State of Michigan. In addition, the Affordable Care Act Maternal, Infant and Early Childhood grant was listed under assistance listing number 93.505. In the current year, the same grant was listed as assistance listing number 93.870.