Notes to SEFA
Accounting Policies: Note 1 The accompanying Schedule of Expenditures of Federal Awards includes the Federal grantactivity of the School District, and is presented on the modified accrual basis of accounting.The information in this schedule is presented in accordance with the requirements of Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples and Audit Requirements for Federal Awards (Uniform Guidance). Therefore,some amounts presented in this schedule may differ from amounts presented in, or used in thepreparation of, the basic financial statements.Note 2 Management has reported that expenditures in this Schedule of Expenditures of FederalAwards are equal to those amounts reported in the annual or final cost reports. Unalloweddifferences, if any, have been disclosed to the auditor.Note 3 The financial reports, including claims for advances and reimbursements and amounts claimedor used for matching are timely, complete, and accurate and contain information that issupported by the books and records from which the basic financial statements have beenprepared. Grant receipts reported on the Schedule of Expenditures of Federal Awards, aspassed through the Michigan Department of Education, reconcile to the Grant SectionAuditors Report (R7120). Unreconciled differences have been disclosed to the auditor.Note 4 The School District did not use the 10% de minimis indirect cost rate allowed under theUniform Guidance.Note 5 A reconciliation of expenditures on the Schedule of Expenditures of Federal Awards sourceson the financial statements is as follows:Federal expenditures per Schedule ofExpenditures of Federal Award $ 2,071,201Coronavirus Relief Fund Child Care Relief Fund 83,318Payments in lieu of taxes 8,450Federal sources per financial statements $ 2,162,969
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.