Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: Mifflinburg Area School District (the “District”) is the reporting entity for financial reporting purposes as defined in Note 1B to the District’s basic financial statements. For purposes of preparing the schedules of expenditures of federal awards, the District’s reporting entity is the same that was used for financial reporting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the grant activity of the District and is presented using the accrual basis of accounting, which is described in Note 1E to the District’s basic financial statements. The District did not use the 10% de minimis indirect cost rate.
Title: RISK-BASED AUDIT APPROACH
Accounting Policies: Mifflinburg Area School District (the “District”) is the reporting entity for financial reporting purposes as defined in Note 1B to the District’s basic financial statements. For purposes of preparing the schedules of expenditures of federal awards, the District’s reporting entity is the same that was used for financial reporting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The 2023 threshold for determining Type A and Type B programs is $750,000. The School District had one type A program, ESSER, which is CFDA numbers 84.425D, and 84.425U with total expenditures of $1,842,361 which covers 49.4% of total expenditures of all federal expenditures.
Title: MEDICAL ASSISTANCE
Accounting Policies: Mifflinburg Area School District (the “District”) is the reporting entity for financial reporting purposes as defined in Note 1B to the District’s basic financial statements. For purposes of preparing the schedules of expenditures of federal awards, the District’s reporting entity is the same that was used for financial reporting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Access reimbursement received under ALN #93.778, Revenue Code 8810 are classified as fee-for-service revenues and are not recognized as federal awards for the purpose of the Schedule of Expenditures of Federal Awards.