Audit 22443

Title: Basis of Presentation Accounting Policies: Expenditures reported on the Schedule are reported on the modified cash 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. De Minimis Rate Used: N Rate Explanation: Reorganized School District No. 1 of Moniteau County, Missouri has not elected to use the 10% de minimus indirect cost rate approved under the Uniform Guidance. The accompanying schedule of expenditures of federal awards includes the federal grant activity of Reorganized School District No. 1 of Moniteau County, Missouri 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 selected portion of the operations of the Moniteau County R-1 School District, Missouri, it is not intended to and does not present the modified cash basis financial position or changes in net position of the Moniteau County R-1 School District, Missouri.

Title: Food Distribution Accounting Policies: Expenditures reported on the Schedule are reported on the modified cash 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. De Minimis Rate Used: N Rate Explanation: Reorganized School District No. 1 of Moniteau County, Missouri has not elected to use the 10% de minimus indirect cost rate approved under the Uniform Guidance. Non-monetary assistance is reported in the schedule at the fair value of the commodities received and disbursed.