Audit 25126

Accounting Policies: Basis of Presentation: The accompanying schedule of expenditures of federal awards includes the federal grant activity of La Joya Independent School District. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Summary of Significant 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 and 0MB Compliance Supplement, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Indirect Cost Rate: La Joya Independent School District has elected not to use the I 0% of the minimis indirect cost rate allowed under the Uniform Guidance. Sub-recipients: For the year ended June 30, 2022, the District had no sub-recipients. Federal Loans and Loan Guarantees: For the year ended June 30, 2022, the District had no outstanding federal loans payable or loan guarantees. Federally Funded Insurance: For the year ended June 30, 2022, the District had no federally funded insurance. Noncash awards: For the year ended June 30, 2022, the District received $2,089,640 as noncash-assistance under the National School Lunch Program. Reconciliation from the Schedule of Expenditures of Federal Awards to the Exhibit C-3:Amount reported on the Schedule of Expenditures of Federal awards: $ 121,806,369Assistance Listing No.Medicaid Administrative Claiming Program 93.778 (18,796)Revenues reported in the General Fund:E-Rate Not Applicable 211,907Indirect Costs Not Applicable 7,015,157SHARS Not Applicable 4,042,747JROTC 12.000 154,464Child Nutrition Program Supply Chain Asst Grant 523,751Child Nutrition Program Emergency Operation Connectivity 10.555 1,062,225Rounding 1Program Revenue Reported on Exhibit C-3 134,797,825Federal Program Revenue Reported on Exhibit D-2 471Total Federal Program Revenue $ 134,798,296 De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.