Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Bethlehem Area Vocational-Technical 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 the 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 Bethlehem Area Vocation-Technical School, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Bethlehem Area Vocational-Technical School.
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 Bethlehem Area Vocational-Technical 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 the 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 Bethlehem Area Vocational-Technical School, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Bethlehem Area Vocational-Technical School.
Title: Organization and Scope
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Bethlehem Area Vocational-Technical 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 the 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 Bethlehem Area Vocation-Technical School, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Bethlehem Area Vocational-Technical School.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The school recognized 4.8% of its total general fund revenue in federal awards, and 72.1% of its total enterprise fund revenue.
Title: Program Disclosure - Footnotes
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Bethlehem Area Vocational-Technical 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 the 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 Bethlehem Area Vocation-Technical School, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Bethlehem Area Vocational-Technical School.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
1. The Federal Grants were passed through the following entities in the totals below: "See the Notes to the SEFA for chart/table" 2. The School received non-monetary assistance from the U.S. Department of Agriculture of $9,911 in the form of commodities. These commodities are valued at U.S.D.A.s approximate costs. During the 2021-22 fiscal-year, the School used $13,663 in commodities and established a year-end inventory of $4,072 at June 30, 2022. 3. The amount recognized as revenue in the Schedule of Expenditures of Federal Awards, under the U.S. Department of Agriculture heading, represents the commodities used, versus the commodities received, which are recognized as revenue in the basic financial statements. "See the Notes to the SEFA for chart/table"