Audit 305154

Title: NOTE 1—BASIS OF ACCOUNTING Accounting Policies: This Schedule is prepared on the same basis of accounting as the Oakville School District’s financial statements. The Oakville School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources. De Minimis Rate Used: N Rate Explanation: A) The Oakville School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 12.83% for ESSER II, 25.50% for ESSER III. B) The Oakville School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate of 23.07% This Schedule is prepared on the same basis of accounting as the Oakville School District’s financial statements. The Oakville School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources.

Title: NOTE 2—FEDERAL DE MINIMIS INDIRECT RATE Accounting Policies: This Schedule is prepared on the same basis of accounting as the Oakville School District’s financial statements. The Oakville School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources. De Minimis Rate Used: N Rate Explanation: A) The Oakville School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 12.83% for ESSER II, 25.50% for ESSER III. B) The Oakville School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate of 23.07% A) The Oakville School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 12.83% for ESSER II, 25.50% for ESSER III. B) The Oakville School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate of 23.07%

Title: NOTE 3—NONCASH AWARDS Accounting Policies: This Schedule is prepared on the same basis of accounting as the Oakville School District’s financial statements. The Oakville School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources. De Minimis Rate Used: N Rate Explanation: A) The Oakville School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 12.83% for ESSER II, 25.50% for ESSER III. B) The Oakville School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate of 23.07% The amount of commodities reported on the schedule is the value of commodities distributed by the Oakville School District during the current year and priced as prescribed by USDA.

Title: NOTE 4 - SCHOOLWIDE PROGRAMS Accounting Policies: This Schedule is prepared on the same basis of accounting as the Oakville School District’s financial statements. The Oakville School District uses the modified accrual basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from non-federal sources. De Minimis Rate Used: N Rate Explanation: A) The Oakville School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal unrestricted rate of 12.83% for ESSER II, 25.50% for ESSER III. B) The Oakville School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The district used the federal restricted rate of 23.07% The Oakville School District operates a “schoolwide program” in three buildings. Using federal funding, schoolwide programs are designed to upgrade an entire educational program within a school for all students, rather than limit services to certain targeted students. The following federal program amounts were expended by the Oakville School District in its schoolwide program: Title I 84.010 $ 203,151.00 .