Title: Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the modified
accrual basis of accounting, which is described in Note 1 to the School Board's basic financial
statements. 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 School Board used the indirect cost rates approved by the grantor agencies.
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all Federal
award programs of the Red River Parish School Board (the School Board). The information in the
Schedule of Expenditures of Federal Awards 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). The School Board reporting entity
is defined in Note 1 to the School Board's basic financial statements. Federal awards received directly
from federal agencies as well as federal awards passed through other government agencies are
included on the schedule. Because the Schedule of Expenditures of Federal Awards presents only a
selected portion of the operations of the School Board, it is not intended to and does not present the
financial information or change in net position of the Red River Parish School Board.
Title: Relationship to the Financial Statements
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the modified
accrual basis of accounting, which is described in Note 1 to the School Board's basic financial
statements. 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 School Board used the indirect cost rates approved by the grantor agencies.
The following reconciliation is provided to help the reader of the School Board’s financial statements and
supplementary information relate such information to the Schedule of Expenditures of Federal Awards for
the year June 30, 2023:
Total federal awards expended per Schedule of Expenditures of Federal Awards $ 7,476,680
Total expenditures funded by other sources 31,718,094
Total expenditures $ 39,194,774
Title: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the modified
accrual basis of accounting, which is described in Note 1 to the School Board's basic financial
statements. 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 School Board used the indirect cost rates approved by the grantor agencies.
Included in the Child Nutrition Cluster is $93,412 of non‐cash awards in the form of commodities provided by
the United States Department of Agriculture.
Title: Relationship to Federal Financial Reports
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the modified
accrual basis of accounting, which is described in Note 1 to the School Board's basic financial
statements. 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 School Board used the indirect cost rates approved by the grantor agencies.
The commodities received, which are noncash expenditures, are valued using prices provided by the
United States Department of Agriculture
Title: Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the modified
accrual basis of accounting, which is described in Note 1 to the School Board's basic financial
statements. 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 School Board used the indirect cost rates approved by the grantor agencies.
Red River Parish School Board did not elect to use the 10% de minimis federal indirect cost rate for the year
ended June 30, 2023.
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the modified
accrual basis of accounting, which is described in Note 1 to the School Board's basic financial
statements. 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 School Board used the indirect cost rates approved by the grantor agencies.
Red River Parish School Board did not provide federal funds to any sub‐recipients during the year ended June
30, 2023.
Title: Loans
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented using the modified
accrual basis of accounting, which is described in Note 1 to the School Board's basic financial
statements. 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 School Board used the indirect cost rates approved by the grantor agencies.
Red River Parish School Board did not expend federal awards related to loans or loan guarantees during the
year ended June 30, 2023.