Title: Recipient Entitlement Balance Report
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Jefferson Schools 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 operations of Jefferson Schools, it is not intended to and does not present the financial position, changes in net position, or cash flows of Jefferson Schools. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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 a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met.
De Minimis Rate Used: N
Rate Explanation: Jefferson Schools elected not to use the diminimus indirect cost rate as allowed under the Uniform Guidance
The amounts reported on the recipient entitlement balance report, or PAL report, agree with this schedule for USDA donated food commodities and are reported in the cash receipts column.
Title: Matching Requirements
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Jefferson Schools 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 operations of Jefferson Schools, it is not intended to and does not present the financial position, changes in net position, or cash flows of Jefferson Schools. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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 a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met.
De Minimis Rate Used: N
Rate Explanation: Jefferson Schools elected not to use the diminimus indirect cost rate as allowed under the Uniform Guidance
Certain federal programs require that the School District contribute non-federal funds (matching funds) to support the federally funded programs. The School District complied with the matching requirements. The expenditures of non-federal matching funds is not included on the Schedule.
Title: Loans
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Jefferson Schools 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 operations of Jefferson Schools, it is not intended to and does not present the financial position, changes in net position, or cash flows of Jefferson Schools. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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 a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met.
De Minimis Rate Used: N
Rate Explanation: Jefferson Schools elected not to use the diminimus indirect cost rate as allowed under the Uniform Guidance
There were no federal awards expended for loan or loan guarantee programs.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Jefferson Schools 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 operations of Jefferson Schools, it is not intended to and does not present the financial position, changes in net position, or cash flows of Jefferson Schools. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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 a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met.
De Minimis Rate Used: N
Rate Explanation: Jefferson Schools elected not to use the diminimus indirect cost rate as allowed under the Uniform Guidance
Jefferson Schools does not have any subrecipients
Title: Adjustments
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Jefferson Schools 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 operations of Jefferson Schools, it is not intended to and does not present the financial position, changes in net position, or cash flows of Jefferson Schools. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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 a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met.
De Minimis Rate Used: N
Rate Explanation: Jefferson Schools elected not to use the diminimus indirect cost rate as allowed under the Uniform Guidance
Adjustments were reported on the schedule of expenditures of federal awards to properly reflect the receipt of allowable expenditures incurred in the 2021-22 year and requested and received in the 2022-23 year under the COVID-19 - ESSER II Benchmark Assessments (AL #84.425D).
Title: Grant Auditor Report
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Jefferson Schools 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 operations of Jefferson Schools, it is not intended to and does not present the financial position, changes in net position, or cash flows of Jefferson Schools. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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 a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met.
De Minimis Rate Used: N
Rate Explanation: Jefferson Schools elected not to use the diminimus indirect cost rate as allowed under the Uniform Guidance
Management has utilized the Michigan Department of Education NexSys Grant Auditor Report in preparing the Schedule of Expenditures of Federal Awards. See the notes to the SEFA for the table.