Title: Basis of Presentation
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Constellation Schools: Stockyard Community Elementary (the School) 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 School, it is not intended to and does not present the financial position, changes in net position, or cash flows of the School.
Title: Transfers
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The School generally must spend Federal assistance within 15 months of receipt. However, with Ohio Department of Education (ODE) approval, a School can transfer (carryover) unspent Federal assistance to the succeeding year, thus allowing the School a total of 27 months to spend the assistance. During fiscal year 2022, the ODE authorized the following transfers:ALN Number / Grant Title"GrantYear""TransferOut""TransferIn"84.010A Title I Grants to Local Educational Agencies2021 $60,771 84.010A Title I Grants to Local Educational Agencies2022 $60,771 84.010A Non-Competitive, Supplemental School Improvement2021 41,067 84.010A Non-Competitive, Supplemental School Improvement2022 41,067 84.010A Expanding Opportunities for Each Child Non-Competitive Grant2021 4,840 84.010A Expanding Opportunities for Each Child Non-Competitive Grant2022 4,840 84.367A Title II-A Improving Teacher Quality2021 6,114 84.367A Title II-A Improving Teacher Quality2022 6,114 84.365A Title III - Language Instruction for English Learners2021 59,912 84.365A Title III - Language Instruction for English Learners2022 59,912 84.424A Title IV-A Student Support and Academic Enrichment2021 33,992 84.424A Title IV-A Student Support and Academic Enrichment2022 33,992 84.173A IDEA Early Childhood Special Education2021 38 84.173A IDEA Early Childhood Special Education2022 38 $206,734 $206,734
Title: Child Nutrition Cluster
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The School commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the School assumes it expends federal monies first.
Title: Transfers between Programs
Accounting Policies: 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.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The School transferred the following funds between programs in fiscal year 2022:ALN Number / Grant Title"GrantYear""TransferOut""TransferIn"84.424A Title IV-A Student Support and Academic Enrichment2022 $16,983 84.010A Title I Grants to Local Educational Agencies2022 $16,983 $16,983 $16,983 The amount transferred to Title I is included in Title I program expenditures when disbursed.