Title: NOTE 2 – PROGRAM REPORTING
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of San Benito Consolidated Independent 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 the
Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.
ROTC, SHARS, and MAC revenues are accounted for in the general fund. The National School Lunch Program, School Breakfast Program Commodity Supplemental Food Program, and Summer Feeding Program are accounted for in the general fund as well. Expenditures are not specifically attributable to these revenues and are shown on this schedule in an amount equal to revenue for balancing purposes only.
Reconciliation from the Schedule of Expenditures of Federal Awards to the Exhibit C‐3:
Total expenditures of federal awards, per Exhibit K‐1 $ 37,672,150
School Health and Related Services (SHARS) revenues 3,163,367
Total Federal Revenues, per Exhibit C‐3 $ 40,835,517
Title: NOTE 3 – SUB‐RECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of San Benito Consolidated Independent 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 the
Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.
During the year ended June 30, 2023, the District had no sub-recipients.
Title: NOTE 4 – FEDERAL LOANS AND LOAN GUARANTEES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of San Benito Consolidated Independent 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 the
Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.
During the year ended June 30, 2023, the District had no outstanding federal loans payable or loan guarantees.
Title: NOTE 5 – FEDERALLY FUNDED INSURANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of San Benito Consolidated Independent 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 the
Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.
During the year ended June 30, 2023, the District had no federally funded insurance.
Title: NOTE 6 – NONCASH AWARDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of San Benito Consolidated Independent 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 the
Uniform Guidance, Audits of State, Local Governments, and Non‐Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For the year ended June 30, 2023, the District did not elect to use this rate.
During the year ended June 30, 2023, the District received $500,203 of federal awards in the form of noncash assistance.