Title: NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the
“Schedule”) includes the federal award activity of Webster Parish School Board under programs of the federal
government for 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 Requirements, Cost
Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a
selected portion of the operation of the School Board, it is not intended to and does not present the financial position
or changes in net position of the School Board.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the Schedule
are reported on the modified accrual basis of accounting which is described in Note 1 of the Notes to the Financial
Statements of the School Board’s Comprehensive Annual Financial Report. Such expenditures are recognized
following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee has elected not to use the de minimis cost rate.
NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS Federal awards revenues are reported in
the School Board’s basic financial statements as follows:
Major Funds:
Federal
Sources
General Fund $ 72,971
Title I $2,757,492
Education Stabilization $10,114,554
Nonmajor Funds:
School Food Service $3,739,725
Special Education $1,462,339
Other ESEA Funds $716,724
Special Federal Funds $288,766
Education Excellence $932,098
Comprehensive School Reform $49,941
Total $20,134,610
Title: NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the
“Schedule”) includes the federal award activity of Webster Parish School Board under programs of the federal
government for 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 Requirements, Cost
Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a
selected portion of the operation of the School Board, it is not intended to and does not present the financial position
or changes in net position of the School Board.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the Schedule
are reported on the modified accrual basis of accounting which is described in Note 1 of the Notes to the Financial
Statements of the School Board’s Comprehensive Annual Financial Report. Such expenditures are recognized
following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee has elected not to use the de minimis cost rate.
NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS Amounts reported in the accompanying
schedule agree with the amounts reported in the related federal financial reports except for changes made to reflect
amounts in accordance with accounting principles generally accepted in the United States of America.
Title: NOTE 5 - MATCHING REVENUES
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the
“Schedule”) includes the federal award activity of Webster Parish School Board under programs of the federal
government for 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 Requirements, Cost
Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a
selected portion of the operation of the School Board, it is not intended to and does not present the financial position
or changes in net position of the School Board.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the Schedule
are reported on the modified accrual basis of accounting which is described in Note 1 of the Notes to the Financial
Statements of the School Board’s Comprehensive Annual Financial Report. Such expenditures are recognized
following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee has elected not to use the de minimis cost rate.
NOTE 5 - MATCHING REVENUES For those funds that have matching revenues and state funding, federal
expenditures were determined by deducting matching revenues from total expenditures.
Title: NOTE 6 - NONCASH PROGRAMS
Accounting Policies: NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the
“Schedule”) includes the federal award activity of Webster Parish School Board under programs of the federal
government for 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 Requirements, Cost
Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a
selected portion of the operation of the School Board, it is not intended to and does not present the financial position
or changes in net position of the School Board.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Expenditures reported on the Schedule
are reported on the modified accrual basis of accounting which is described in Note 1 of the Notes to the Financial
Statements of the School Board’s Comprehensive Annual Financial Report. Such expenditures are recognized
following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not
allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee has elected not to use the de minimis cost rate.
NOTE 6 - NONCASH PROGRAMS The commodities received, which are noncash revenues, are valued using
prices provided by the United States Department of Agriculture