FAC Explorer

Audit 304488

FY End
2023-06-30
Total Expended
$3.29M
Findings
0
Programs
10
Organization: Knox County R-I School District (MO)
Year: 2023 Accepted: 2024-04-25
Auditor: Conrad and Higgins LLC

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
66.045 Clean School Bus Program $1.56M Yes 0
84.010 Title I Grants to Local Educational Agencies $96,649 - 0
10.553 School Breakfast Program $58,273 - 0
93.575 Child Care and Development Block Grant $31,845 - 0
10.555 National School Lunch Program $22,188 - 0
10.559 Summer Food Service Program for Children $14,674 - 0
84.027 Special Education_grants to States $8,445 - 0
84.173 Special Education_preschool Grants $7,249 - 0
84.425 Education Stabilization Fund $6,271 Yes 0
84.358 Rural Education $2,097 - 0

Contacts

Name Title Type
PF1LDWN18TF2 Andy Turgeon Auditee
6603972228 Mark Edwin Higgins Auditor
No contacts on file

Notes to SEFA

Title: General Accounting Policies: Modified cash basis of accounting De Minimis Rate Used: N Rate Explanation: The district has elected not to use the 10% de minimis indirect cost rate. The accompanying schedule of Expenditures of Federal Awards presents the activity of all federal awards programs of Knox County R-I School District, Edina Mo. The reporting entity is defined in Note 1 to the District Financial Statements.
Title: Basis of Accounting Accounting Policies: Modified cash basis of accounting De Minimis Rate Used: N Rate Explanation: The district has elected not to use the 10% de minimis indirect cost rate. The accompanying schedule is presented using the modified cash basis of accounting, which is described in Note 1 to the district's financial statements.
Title: Relationship to the Federal Financial Statements Accounting Policies: Modified cash basis of accounting De Minimis Rate Used: N Rate Explanation: The district has elected not to use the 10% de minimis indirect cost rate. Amounts reported in the accompanying schedule agree with the amounts reported in the related federal financial reports adn indicate amounts due to the district as of June 30, 2023 from each related federal program.
Title: Noncash programs Accounting Policies: Modified cash basis of accounting De Minimis Rate Used: N Rate Explanation: The district has elected not to use the 10% de minimis indirect cost rate. The commodities received, which are noncash revenues, are valued using proces provided by the United States Department of Agriculture. At June 30, 2023, the district has food commodities totaling $0 in inventory.
Title: Indirect cost rate Accounting Policies: Modified cash basis of accounting De Minimis Rate Used: N Rate Explanation: The district has elected not to use the 10% de minimis indirect cost rate. The district has elected not to use the 10% de mininis indirect cost rate.
Title: Subrecipients Accounting Policies: Modified cash basis of accounting De Minimis Rate Used: N Rate Explanation: The district has elected not to use the 10% de minimis indirect cost rate. The district did not provide funds to subrecipients during the year.