Title: PROGRAM REPORTING
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the
Santa Rosa Independent School District (the “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. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in preparation of, the basic financial statements. Because the
schedule presents only a selected portion of the operations of the District, it is not intended to and
does not represent the financial position of the District
De Minimis Rate Used: N
Rate Explanation: Santa Rosa Independent School District has elected not to use the 10% of the minimis indirect cost rate not use under the Uniform Guidance.
SHARS and $244,438 of indirect costs are accounted for in the general fund. The Child Nutrition Cluster Program and Child and Adult Care Food Program are accounted for in the General Fund. 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 - Amount of federal revenues Exhibit C‐3 $6,454,279 Less amounts not considered to be federal awards, excluded on the Schedule of Expenditures of Federal Awards: School Health and Related Service Program (SHARS) ($ 326,757) and ERATE ($ 41,785) equal Total expenditures of federal awards, per the Schedule of Expenditures of Federal Awards (Exhibit K‐1) $6,085,737.
Title: LOAN / LOAN GUARANTEE OUTSTANDING BALANCES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the
Santa Rosa Independent School District (the “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. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in preparation of, the basic financial statements. Because the
schedule presents only a selected portion of the operations of the District, it is not intended to and
does not represent the financial position of the District
De Minimis Rate Used: N
Rate Explanation: Santa Rosa Independent School District has elected not to use the 10% of the minimis indirect cost rate not use under the Uniform Guidance.
The District did not have any federal loans or loan guarantees outstanding during the year ended June 30, 2023.
Title: NONCASH ASSISTANCE AND OTHER
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the
Santa Rosa Independent School District (the “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. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in preparation of, the basic financial statements. Because the
schedule presents only a selected portion of the operations of the District, it is not intended to and
does not represent the financial position of the District
De Minimis Rate Used: N
Rate Explanation: Santa Rosa Independent School District has elected not to use the 10% of the minimis indirect cost rate not use under the Uniform Guidance.
The District did not receive any federally funded insurance during the year ended June 30, 2023. Noncash awards: For the year ended June 30, 2023, the district received $67,946 as non‐cash assistance under the
National School Lunch Program (Assistance Listing Number 10.555).
Title: CONTINGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the
Santa Rosa Independent School District (the “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. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in preparation of, the basic financial statements. Because the
schedule presents only a selected portion of the operations of the District, it is not intended to and
does not represent the financial position of the District
De Minimis Rate Used: N
Rate Explanation: Santa Rosa Independent School District has elected not to use the 10% of the minimis indirect cost rate not use under the Uniform Guidance.
Grant monies received and disbursed by the District are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the District does not believe that such disallowance, if any, would have a material effect on the financial position of the District.
Title: FEDERAL PASS‐THROUGH FUNDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the
Santa Rosa Independent School District (the “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. Therefore, some amounts presented in this schedule may differ from
amounts presented in, or used in preparation of, the basic financial statements. Because the
schedule presents only a selected portion of the operations of the District, it is not intended to and
does not represent the financial position of the District
De Minimis Rate Used: N
Rate Explanation: Santa Rosa Independent School District has elected not to use the 10% of the minimis indirect cost rate not use under the Uniform Guidance.
The District is also the sub‐recipient of federal funds that have been subjected to testing and are
reported as expenditures and listed as federal pass‐through funds. Federal awards other than those
indicated as pass‐through are considered to be direct.