Title: BASIS OF PRESENTATION
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Putnam County Board of Education (the "School System") 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.
De Minimis Rate Used: N
Rate Explanation: The School System 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 Putnam
County Board of Education (the “School System”) 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: DONATED COMMODITIES
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Putnam County Board of Education (the "School System") 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.
De Minimis Rate Used: N
Rate Explanation: The School System elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
The Child Nutrition Cluster includes $215,317 of non-cash expenditures in the form of donated food commodities.
Title: DONATED EXPENDABLE EQUIPMENT - UNAUDITED
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Putnam County Board of Education (the "School System") 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.
De Minimis Rate Used: N
Rate Explanation: The School System elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
In response to the COVID-19 Pandemic, Georgia Southern University received funding through the United States Department of Health and Human Services ("HHS") Epidemiology and Laboratory Capacity ("ELC") Reopening Schools Project Grant Program and donated personal protective equipment ("PPE") with an estimated fair market value of $159,338 to the School System. This amount is not included in the Schedule of Expenditures of Federal Awards and is not subject to audit. Therefore, this amount is unaudited.
Title: DE MINIMIS COST RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Putnam County Board of Education (the "School System") 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.
De Minimis Rate Used: N
Rate Explanation: The School System elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
The School System elected not to use the 10% de minimis cost rate 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 Putnam County Board of Education (the "School System") 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.
De Minimis Rate Used: N
Rate Explanation: The School System elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
The School System did not pass through any funds to subrecipients in the year ended June 30, 2023.
Title: TRANSFERABILITY
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Putnam County Board of Education (the "School System") 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.
De Minimis Rate Used: N
Rate Explanation: The School System elected not to use the 10% de minimis cost rate for the year ended June 30, 2023.
Under transferability, the School System transferred $169,774 in grant funds from Supporting Effective Instruction - State Grants Program (Assistance Listing #84.367A) and $83,346 from the Student Support and Academic Enrichment Program (Assistance Listing #84.424A) to the Title I - Grants to Local Agencies Program (Assistance Listing #84.010A). Expenditures of these transfers are reflected above as expendtures of the Title I - Grants to Local Educational Agencies Program.