Notes to SEFA
Title: Basis of Presentation
Accounting Policies: (1)Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein 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.(2)Pass-through entity identifying numbers are presented where available.
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 federal award activity of the Midwestern Intermediate Unit IV (the Intermediate Unit) 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 the Midwestern Intermediate Unit IV, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Midwestern Intermediate Unit IV.
Title: Pass-Through Funds
Accounting Policies: (1)Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein 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.(2)Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Intermediate Unit passes-through various federal funds to subrecipients. The subrecipients include school districts within the Mercer, Lawrence, and Butler Counties. Funds passed-through for the fiscal year ended June 30, 2022, were as follows: Amounts Passed -Program NameCFDA #ThroughIDEA, Part B $10,433,074 IDEA, Section 619 86,828 Total amount provided to subrecipients $10,519,902
Title: Reconciliation of Federal Revenues to the Financial Statements
Accounting Policies: (1)Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein 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.(2)Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal revenues per statement of revenues, expenditures and changes in fund balance $ 25,526,184 ACCESS reimbursement, classified as fee-for-service revenues which are not considered federal awards (827,194) GEERS II - EANS, is federal funding in which PDE is the subrecipient and is not to be included on the schedule of federal awards (718,506) The non-public portion of Title I & II funds received from the state that are classified as federal funds, which are not considered federal awards (122,707) Revenues recognized per the Schedule of Expenditures of Federal Awards $ 23,857,777