Audit 291419

Title: Basis of Presentation Accounting Policies: Expenditures reported in the Schedule are reported on the 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: South Western School District has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the Federal award activity of South Western School District under programs of the Federal government for the year ended June 30, 2023. 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 of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of South Western School District, it is not intended to and does not present the financial position, changes in net position, or cash flows of South Western School District.

Title: Prior Year Corrections Accounting Policies: Expenditures reported in the Schedule are reported on the 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. De Minimis Rate Used: N Rate Explanation: South Western School District has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. For the year ended June 30, 2021 the grant reported and corrected amounts are as follows: Assistance Listing 84.425D Number Pass-Through Grantor's Number 2020-ES-01-35384 Reported Expenditures/ Revenue Recognized for year ended June 30, 2021 $133,380 Corrected Expenditures/ Revenue Recognized for year ended June 30, 2021 $132,282 Reported Receivable June 30, 2021 $133,380 Corrected Receivable June 30, 2021 $132,282 For the year ended June 30, 2022 the grant reported and corrected amounts are as follows: Assistance Listing 84.425D Number Pass-Through Grantor's Number2020-ES-01-35384 Reported Receivable July 1, 2021 $133,380 Corrected Receivable July 1, 2021 $132,282 Reported Total Received year ended June 30, 2022 $133,380 Corrected Total Received year ended June 30, 2022 $132,282