Notes to SEFA
Title: NOTE 1. BASIS OF PRESENTATION
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Atlanta Independent School System and is presented on the accrual basis of accounting.
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. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The School System did not utilize the 10% de minimus indirect cost rate permitted by the Uniform Guidance.
The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Atlanta Independent School System and is presented on the accrual basis of accounting.
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. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
Title: NOTE 2. INDIRECT COST RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Atlanta Independent School System and is presented on the accrual basis of accounting.
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. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The School System did not utilize the 10% de minimus indirect cost rate permitted by the Uniform Guidance.
The School System did not utilize the 10% de minimus indirect cost rate permitted by the Uniform Guidance.
Title: NOTE 3. EMERGENCY CONNECTIVITY FUND
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Atlanta Independent School System and is presented on the accrual basis of accounting.
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. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements.
De Minimis Rate Used: N
Rate Explanation: The School System did not utilize the 10% de minimus indirect cost rate permitted by the Uniform Guidance.
In fiscal year ended June 30, 2022, the School System incorrectly recorded $3,696,313 of expenditures as Elementary & Secondary School Emergency Relief (Assistance Listing #84.425D). This amount should have been recorded as COVID-19 Telehealth Program (Assistance Listing # 32.009). Fiscal year 2023 amounts are properly recorded. The fiscal year 2022 expenditures were tested as a major program as a part of the fiscal year 2023 audit and are included in the fiscal year 2023 schedule of expenditures of federal awards.