Title: Basis of Presentation
Accounting Policies: The Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Organization's federal awards and does not present transactions that would be included in financial statements of the Organization presented on the accrual basis of accounting, as contemplated by accounting principles generally accepted in the United States of America. Expenditures on this schedule reconcile with amounts reported in the financial statements and the financial reports submitted to the Michigan Department of Education. The amounts reported on the R7120, Grants Section Auditors' Report, reconcile with this schedule. The amounts reported on the Recipient Entitlement Balance Report, or PAL Report, agree with this schedule for USDA donated food commodities and are reported in the Cash Receipts column. Expenditures include spoilage or pilferage. Flint Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: Flint Community Schools did not elect to use a flat de minimis rate of 10% of modified total directcosts for their indirect cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Alcona Community 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 of Flint Community Schools, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Flint Community Schools.
Title: Reconciliation to the Financial Statements
Accounting Policies: The Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Organization's federal awards and does not present transactions that would be included in financial statements of the Organization presented on the accrual basis of accounting, as contemplated by accounting principles generally accepted in the United States of America. Expenditures on this schedule reconcile with amounts reported in the financial statements and the financial reports submitted to the Michigan Department of Education. The amounts reported on the R7120, Grants Section Auditors' Report, reconcile with this schedule. The amounts reported on the Recipient Entitlement Balance Report, or PAL Report, agree with this schedule for USDA donated food commodities and are reported in the Cash Receipts column. Expenditures include spoilage or pilferage. Flint Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: Flint Community Schools did not elect to use a flat de minimis rate of 10% of modified total directcosts for their indirect cost rate.
General Fund $42,179,047 Special Revenue Fund:Lunch Fund 2,866,478 Federal Revenue Presented in the Financial Statements 45,045,525 Federal revenue for which the School District is considered a vendor or beneficiary rather than a subrecipient:NJROTC Program Grant JROTC221S (60,298)Accounts receivable for the year ended June 30, 2021 received more than 60 days after year-end and recognized as federal revenue in fiscal year June 30, 2022 financial statements:Extended SFSP Operating 210904 2020-2021 (190,000)Food Equipment Grant 211920 EAG-2021 (12,000)Title I - Part A Imp Basic Pro 211530 2021 (103,223)IDEA Part B Flowthrough 2020-2021 (23,147)Title III Part A Immigrant Students 210580 2021 (5,713)Title II - Improving Teacher Quality 220520 2022 (766,569)Competitive School Improvement Grant 171762 2021 (15,795)Title IV Part A - Student Support & Academic Enrichment 210750 2021 (27,045)ESSER I 203710 1920 (1,986)ESSER II 213712 2021 (3,312,606)Accounts receivable for the year ended June 30, 2022 received more than 60 days after year-end and to be recognized as federal revenue in fiscal year June 30, 2023 financial statements:Title I - Part A Imp Basic Pro 221530 2122 104,700 IDEA Preschool 2021-2022 56,306 MiCLSD 210210 21 175,885 Federal Revenue on the Schedule of Expenditures of Federal Awards $40,864,034
Title: Reconciliation to the MDE NexSys GAR
Accounting Policies: The Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Organization's federal awards and does not present transactions that would be included in financial statements of the Organization presented on the accrual basis of accounting, as contemplated by accounting principles generally accepted in the United States of America. Expenditures on this schedule reconcile with amounts reported in the financial statements and the financial reports submitted to the Michigan Department of Education. The amounts reported on the R7120, Grants Section Auditors' Report, reconcile with this schedule. The amounts reported on the Recipient Entitlement Balance Report, or PAL Report, agree with this schedule for USDA donated food commodities and are reported in the Cash Receipts column. Expenditures include spoilage or pilferage. Flint Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: Flint Community Schools did not elect to use a flat de minimis rate of 10% of modified total directcosts for their indirect cost rate.
District total current payments per MDE NexSys GAR $31,740,467 Addition of an adjustment to a prior year receivable that was received through NexSys at a higher amount than anticipated:Extended SFSP Operating 210904 2020-2021 170 Addition of receipts not passed through the Michigan Department of Education and not included in the NexSys System:IDEA Part B Flowthrough 2020-2021 633,531 IDEA Part B Flowthrough 2021-2022 848,491 IDEA Proportionate Share Flowthrough 2021-2022 16,388 IDEA Preschool 2020-2021 22,293 IDEA Preschool 2021-2022 46,275 55030 Entitlement Commodities 159,413 Less payments out of NexSys prior to year end, but not received by the District until after June 30, 2022:Seamless Summer Option (SSO) - Breakfast 221971 2021-2022 (76,699)Seamless Summer Option (SSO) - Lunch 221961 2021-2022 (184,206)CACEF Child Care Food Program 221920 2021-2022 (25,397)CACEF Cash-in-Lieu of Commodities 222010 2021-2022 (1,071) $33,179,655