Title: BASIS OF PRESENTATION
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Bibb County School District (the "District") and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations ("CFR") Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Unifrom Guidance"). 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 District elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Bibb
County School District (the “District”) 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 (“CFR”) Part 200 Uniform Administrative Requirements, Cost
Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some
amounts presented in this schedule may differ from amounts presented in, or used in the
preparation of, the financial statements.
Title: DE MINIMIS COST RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Bibb County School District (the "District") and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations ("CFR") Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Unifrom Guidance"). 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 District elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
The District elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
Title: NON-CASH AWARDS
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Bibb County School District (the "District") and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations ("CFR") Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Unifrom Guidance"). 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 District elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
The District received non-cash awards under the National School Lunch Program, ALN 10.555, in the amount of $2,052,032, for the year ended June 30, 2023.
Title: SUBRECIPIENTS
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Bibb County School District (the "District") and is presented on the accrual basis of accounting.
The information in this schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations ("CFR") Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards ("Unifrom Guidance"). 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 District elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
The District did not pass through any funds to subrecipients in the year ended June 30, 2023.