Notes to SEFA
Title: Grant Reconciliation
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amounts reported on the Cash Management System (CMS), Grant Section Auditors Report (GAR), agreewith the schedule of expenditures of federal awards.
Title: Expenditures Reports
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures identified in the schedule of expenditures of federal awards are supported by source documentationand are in agreement with financial reports submitted to the Michigan Department of Education, except for thosegrants where the grant period differs from the Districts fiscal year.
Title: Oversight Agencies
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certaintypes of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Districts federal agency oversight agency is the U.S. Department of Education. The Districts state cognizantagency is the Michigan Department of Education.