Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are presented on the same basis
of accounting and the same significant accounting policies, as applicable,
as those used for the financial statements; however, the expenditures
include transfers out. Such expenditures are recognized following the
cost principles contained in Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying Schedule of Expenditures of Federal
Awards (the “Schedule”) includes the federal award activity of
the school district under programs of the federal government
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are presented on the same basis
of accounting and the same significant accounting policies, as applicable,
as those used for the financial statements; however, the expenditures
include transfers out. Such expenditures are recognized following the
cost principles contained in Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
for the year ended June 30, 2022. The information in this
Schedule is presented in accordance with the requirements
of Title 2 U.S. Code of Federal Reguatlions Part 200, Uniform
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are presented on the same basis
of accounting and the same significant accounting policies, as applicable,
as those used for the financial statements; however, the expenditures
include transfers out. Such expenditures are recognized following the
cost principles contained in Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
Adminstrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance).
Because the schedule presents only a selected portion of the
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are presented on the same basis
of accounting and the same significant accounting policies, as applicable,
as those used for the financial statements; however, the expenditures
include transfers out. Such expenditures are recognized following the
cost principles contained in Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
operations of the school district, it is not intended to and does
not present the financial position, changes in net position, or
cash flows of the school district.
Title: Other Items
Accounting Policies: Expenditures reported on the Schedule are presented on the same basis
of accounting and the same significant accounting policies, as applicable,
as those used for the financial statements; however, the expenditures
include transfers out. Such expenditures are recognized following the
cost principles contained in Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: N/A
Donated commodities of $90,225 are included in the National
School Lunch Program.