Audit 294114

Title: General Accounting Policies: The schedule of expenditures of federal awards is presented using the modified accrual basis of accounting, which is described in the notes to the School Board's basic financial statements for the year ended June 30, 2023. Commodities received, which are non-cash revenue, are valued at prices provided by the U.S. Department of Agriculture. Any received but unused commodities are recorded as deferred revenue until used. De Minimis Rate Used: N Rate Explanation: The St. Tammany Parish School Board uses an indirect cost rate negotiated and approved by the Louisiana Department of Education, and has not elected to use the 10% de minimis indirect cost rate as provided for in Section 200.414 of the Uniform Guidance. The accompanying schedule of expenditures of federal awards presents the activity of all federal awards programs of the St. Tammany Parish School Board (the School Board). The School Board reporting entity is defined in the notes to the financial statements for the year ended June 30, 2023. All federal awards received directly from federal agencies are included on the schedule as well as federal awards passed through other government agencies. The following programs are considered major federal programs of the School Board for single audit purposes: Name of Federal Program or Cluster Title I Grants to Local Education Agencies COVID-19 - Education Stabilization Fund CCDF Cluster Assistance Listing Number 84.010A 84.425D/U/W 93.575, 93.596

Title: Relationship to General Purpose Financial Statements Accounting Policies: The schedule of expenditures of federal awards is presented using the modified accrual basis of accounting, which is described in the notes to the School Board's basic financial statements for the year ended June 30, 2023. Commodities received, which are non-cash revenue, are valued at prices provided by the U.S. Department of Agriculture. Any received but unused commodities are recorded as deferred revenue until used. De Minimis Rate Used: N Rate Explanation: The St. Tammany Parish School Board uses an indirect cost rate negotiated and approved by the Louisiana Department of Education, and has not elected to use the 10% de minimis indirect cost rate as provided for in Section 200.414 of the Uniform Guidance. Federal award revenues are reported in the School Board's financial statements as follows: General Fund $ 686,253 Special Revenue Funds 75,386,748 Subtotal Federal Sources 76,073,001 FEMA Funds Received for prior year Expenditures (437,869) Total Reported on Schedule of Expenditures of Federal Awards $ 75,635,132

Title: Relationship to Federal Financial Reports Accounting Policies: The schedule of expenditures of federal awards is presented using the modified accrual basis of accounting, which is described in the notes to the School Board's basic financial statements for the year ended June 30, 2023. Commodities received, which are non-cash revenue, are valued at prices provided by the U.S. Department of Agriculture. Any received but unused commodities are recorded as deferred revenue until used. De Minimis Rate Used: N Rate Explanation: The St. Tammany Parish School Board uses an indirect cost rate negotiated and approved by the Louisiana Department of Education, and has not elected to use the 10% de minimis indirect cost rate as provided for in Section 200.414 of the Uniform Guidance. Amounts reported in the schedule of expenditures of federal awards 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 receivables as of June 30, 2023, liquidated to the dates of the reports.