Title: Commodities
Accounting Policies: General
The accompanying schedule of expenditures of federal awards (the schedule) includes the
federal award activity of the St. Landry Parish School Board under programs of the federal
government for the year ended June 30, 2023. The information in this schedule is presented in
accordance with the requirement 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 St. Landry
Parish School Board, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the St. Landry Parish School Board.
Summary of Significant Accounting Policies
Expenditures reported on the schedule are reported on the modified 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.
The St. Landry Parish School Board has not elected to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The St. Landry Parish School Board has not elected to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance.
The commodities received, which are noncash revenues, are valued using pricing provided by
the United States Department of Agriculture.
Title: Relationship to Fund Financial Statements
Accounting Policies: General
The accompanying schedule of expenditures of federal awards (the schedule) includes the
federal award activity of the St. Landry Parish School Board under programs of the federal
government for the year ended June 30, 2023. The information in this schedule is presented in
accordance with the requirement 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 St. Landry
Parish School Board, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the St. Landry Parish School Board.
Summary of Significant Accounting Policies
Expenditures reported on the schedule are reported on the modified 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.
The St. Landry Parish School Board has not elected to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The St. Landry Parish School Board has not elected to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance.
Federal financial assistance revenues are reported in the School Board's fund financial
statements as follows:
From federal sources:
General Fund $ 2,833,954
Special Revenue Funds 59,631,792
Total $ 62,465,746
Title: Relationship to Federal Financial Reports
Accounting Policies: General
The accompanying schedule of expenditures of federal awards (the schedule) includes the
federal award activity of the St. Landry Parish School Board under programs of the federal
government for the year ended June 30, 2023. The information in this schedule is presented in
accordance with the requirement 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 St. Landry
Parish School Board, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the St. Landry Parish School Board.
Summary of Significant Accounting Policies
Expenditures reported on the schedule are reported on the modified 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.
The St. Landry Parish School Board has not elected to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The St. Landry Parish School Board has not elected to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance.
Amounts reported in the schedule agree with the amounts reported in the related federal
financial reports except for the amounts in reports submitted as of a date subsequent to June 30, 2023,
which will differ from the schedule by the amount of encumbrances as of June 30, 2023.
Title: Subrecipients
Accounting Policies: General
The accompanying schedule of expenditures of federal awards (the schedule) includes the
federal award activity of the St. Landry Parish School Board under programs of the federal
government for the year ended June 30, 2023. The information in this schedule is presented in
accordance with the requirement 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 St. Landry
Parish School Board, it is not intended to and does not present the financial position, changes in net
position, or cash flows of the St. Landry Parish School Board.
Summary of Significant Accounting Policies
Expenditures reported on the schedule are reported on the modified 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.
The St. Landry Parish School Board has not elected to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The St. Landry Parish School Board has not elected to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance.
The School Board provided no federal awards to subrecipients.