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 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 Grandville 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 Grandville Public Schools, it is not intended to and does not present the financial position or changes in financial position of Grandville Public Schools.
Title: Adjustments
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 auditee did not use the de minimis cost rate.
The adjustments column on the Schedule includes the following:(1)Rounding adjustment
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 auditee did not use the de minimis cost rate.
Expenditures per the schedule of expenditures of federal awards: $8,103,769, Child care relief payments made under a beneficiary arrangement: $848,096, Federal revenues per the financial statements: $8,951,865.
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.
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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amounts reported on the recipient entitlement balance report agree with the Schedule for U.S.D.A. donated food commodities.The following differences were noted between the Schedule and the grant auditor report:Title I Grants to Local Educational Agencies, Grant: 221530, Reported on Grant Auditor Report: $358,886, Reported on schedule of Expenditures of Federal Awards: $323,254, Variance: $35,632. English Language Acquisition State Grant: 220580, Reported on Grant Auditor Report: $21,279, Reported on schedule of Expenditures of Federal Awards: $20,794, Variance: $485. Supporting effective Instruction State Grant, Grant: 220520, Reported on Grant Auditor Report: $125,510, Reported on schedule of Expenditures of Federal Awards: $114,956, Variance: $10,554. Student Support & Academic Enrichment Program, Grant: 220750, Reported on Grant Auditor Report: $26,158, Reported on schedule of Expenditures of Federal Awards: $25,119, Variance: $1,039. COVID-19 - Elementary and Secondary School Emergency Relief Fund (ESSER II), Grant: 213712, Reported on Grant Auditor Report: $1,271,982, Reported on schedule of Expenditures of Federal Awards: $1,187,755, Variance: $84,227. COVID-19 - Elementary and Secondary School Emergency Relief Fund (ESSER III), Grant: 213713, Reported on Grant Auditor Report: $1,286,843, Reported on schedule of Expenditures of Federal Awards: $958,480, Variance: $328,363. These variances were shown as disbursements on the GAR as of June 30, 2022, but not received by the District until the following fiscal year.