Title: ACCESS:
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Intermediate Unit did not elect to use the 10% de minimis indirect cost rate.
The ACCESS Program is a medical assistance program that reimburses local educational agencies for direct, eligible health-related services provided to enrolled special needs students. Reimbursements are federal money but are classified as fee-for-service revenues and are not considered federal financial assistance. Because only federal financial assistance is included on the schedule of expenditures of federal awards, ACCESS reimbursements are not included on the schedule. The amounts of ACCESS funding received for the year ended June 30, 2023 were $1,815,793 and $1,565,564 which were listed on the PDE Confirmation as programs #044-007513 and #092-007513, respectively.
Title: Cost principles:
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Intermediate Unit did not elect to use the 10% de minimis indirect cost rate.
Expenditures are recognized as following, as applicable, to either the cost principles in OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: COVID-19:
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Intermediate Unit did not elect to use the 10% de minimis indirect cost rate.
Federal funding provided by Congress to address the COVID-19 pandemic is identified by "COVID-19" in the federal program column of the schedule of expenditures of federal awards. This includes new grants created by pandemic-related legislation, as well as incremental funding for existing federal programs.
Title: Reconciliation of accrued (deferred) revenue at July 1, 2022 to prior year Schedule of Expenditures of Federal Awards (SEFA):
Accounting Policies: The accompanying schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Intermediate Unit did not elect to use the 10% de minimis indirect cost rate.
Beginning balance prior to adjustment $8,973,013
AL #11.457: $56,977 incorrectly recorded in total received column at June 30, 2022 56,977
AL #84.367: $6,369 accrued revenue incorrectly omitted from the SEFA at June 30, 2022 6,369
Adjusted accrued (deferred) revenue as of July 1, 2022 $9,036,359