Audit 297794

FY End
2023-06-30
Total Expended
$10.24M
Findings
0
Programs
21
Organization: Grenada School District (MS)
Year: 2023 Accepted: 2024-03-26

Organization Exclusion Status:

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Contacts

Name Title Type
GQLWNQ1JLJ23 Rodney Murphy Auditee
6622261606 Brent Ballard Auditor
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Notes to SEFA

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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are liminted 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 udner programs of the federal government for
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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are liminted as to reimbursement. De Minimis Rate Used: N Rate Explanation: N/A the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative
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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are liminted as to reimbursement. De Minimis Rate Used: N Rate Explanation: N/A Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations 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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are liminted as to reimbursement. De Minimis Rate Used: N Rate Explanation: N/A School District, it is not intended to an 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 the Uniform Guidance, wherein certain types of expenditures are not allowable or are liminted as to reimbursement. De Minimis Rate Used: N Rate Explanation: N/A Donated commodities of $227,913 are included in the National School Lunch Program.