Title: Note 3: Loans and Loan Guarantees
Accounting Policies: The accompanying schedule of expenditures of federal awards ("schedule") includes the federal spending of the Houston County Board of Education (the "Board") and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basical financial statements. Becuase the schedule presents only a selected portion of the operations of the Board, it is not intended to and does not represent the financial position of the Board. Child Nutrition Cluster - includes awards that assist States in administering food services that provide healthful, nutritious meals to eligible children in public and non-profit private schools, residential child care institutions, and summer recreation programs; and encourage the domestic consumption of nutritious agricultural commodities. Special Education Cluster - includes awwards that ensure that all chdilren with disabilities have available to them a free appropriate public education which emphasizes special education and related services designed to meet their unique needs; ensure that the rights of children with disabilities and their parents or guardians are protected; assist States, localities, educational service agencies and Federal agencies to provide for the education of all children with disabilities; and assess and ensure the effectiveness of efforts to educate children with disabilities. Disability Insurance/SSI Cluster - includes awards that provide benefits to disabled wage earners and their families in the event the family wage earner becomes disabled. These awards provide payments to financially needy individuals who are aged, blind, or disabled.
De Minimis Rate Used: N
Rate Explanation: The Board has not elected to use the 10% de minimis cost rate.
The Board did not have any loans or loan guarantee programs required to be reported on the schedule for the fiscal year ended September 30, 2023.
Title: Note 4: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards ("schedule") includes the federal spending of the Houston County Board of Education (the "Board") and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basical financial statements. Becuase the schedule presents only a selected portion of the operations of the Board, it is not intended to and does not represent the financial position of the Board. Child Nutrition Cluster - includes awards that assist States in administering food services that provide healthful, nutritious meals to eligible children in public and non-profit private schools, residential child care institutions, and summer recreation programs; and encourage the domestic consumption of nutritious agricultural commodities. Special Education Cluster - includes awwards that ensure that all chdilren with disabilities have available to them a free appropriate public education which emphasizes special education and related services designed to meet their unique needs; ensure that the rights of children with disabilities and their parents or guardians are protected; assist States, localities, educational service agencies and Federal agencies to provide for the education of all children with disabilities; and assess and ensure the effectiveness of efforts to educate children with disabilities. Disability Insurance/SSI Cluster - includes awards that provide benefits to disabled wage earners and their families in the event the family wage earner becomes disabled. These awards provide payments to financially needy individuals who are aged, blind, or disabled.
De Minimis Rate Used: N
Rate Explanation: The Board has not elected to use the 10% de minimis cost rate.
The Board did not provide federal funds to subrecipients for the fiscal year ending September 30, 2023.
Title: Note 5: Relationship of the Schedule to Program Financial Reports
Accounting Policies: The accompanying schedule of expenditures of federal awards ("schedule") includes the federal spending of the Houston County Board of Education (the "Board") and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basical financial statements. Becuase the schedule presents only a selected portion of the operations of the Board, it is not intended to and does not represent the financial position of the Board. Child Nutrition Cluster - includes awards that assist States in administering food services that provide healthful, nutritious meals to eligible children in public and non-profit private schools, residential child care institutions, and summer recreation programs; and encourage the domestic consumption of nutritious agricultural commodities. Special Education Cluster - includes awwards that ensure that all chdilren with disabilities have available to them a free appropriate public education which emphasizes special education and related services designed to meet their unique needs; ensure that the rights of children with disabilities and their parents or guardians are protected; assist States, localities, educational service agencies and Federal agencies to provide for the education of all children with disabilities; and assess and ensure the effectiveness of efforts to educate children with disabilities. Disability Insurance/SSI Cluster - includes awards that provide benefits to disabled wage earners and their families in the event the family wage earner becomes disabled. These awards provide payments to financially needy individuals who are aged, blind, or disabled.
De Minimis Rate Used: N
Rate Explanation: The Board has not elected to use the 10% de minimis cost rate.
The amounts reflected in the financial reports submitted to the awarding federal, state and/or pass-through agencies and the scheudle may differ. Some of the factors that may account for any difference include the following: The Board's fiscal year end may differ from the program's year end; Accruals recognized in the schedle, because of year end procedures, may not be reported in the program fianncial reports until the next program reporting period. Fixed asset purchases and the resultant depreciation charges are recognized as fixed assets in the Board's financial statements and as expenditures in the program financial reports and the schedule.
Title: Note 6: Federal Pass-Through Funds
Accounting Policies: The accompanying schedule of expenditures of federal awards ("schedule") includes the federal spending of the Houston County Board of Education (the "Board") and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basical financial statements. Becuase the schedule presents only a selected portion of the operations of the Board, it is not intended to and does not represent the financial position of the Board. Child Nutrition Cluster - includes awards that assist States in administering food services that provide healthful, nutritious meals to eligible children in public and non-profit private schools, residential child care institutions, and summer recreation programs; and encourage the domestic consumption of nutritious agricultural commodities. Special Education Cluster - includes awwards that ensure that all chdilren with disabilities have available to them a free appropriate public education which emphasizes special education and related services designed to meet their unique needs; ensure that the rights of children with disabilities and their parents or guardians are protected; assist States, localities, educational service agencies and Federal agencies to provide for the education of all children with disabilities; and assess and ensure the effectiveness of efforts to educate children with disabilities. Disability Insurance/SSI Cluster - includes awards that provide benefits to disabled wage earners and their families in the event the family wage earner becomes disabled. These awards provide payments to financially needy individuals who are aged, blind, or disabled.
De Minimis Rate Used: N
Rate Explanation: The Board has not elected to use the 10% de minimis cost rate.
The Board is also the sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as “pass-through” are considered direct.
Title: Note 7: Donated Food Program
Accounting Policies: The accompanying schedule of expenditures of federal awards ("schedule") includes the federal spending of the Houston County Board of Education (the "Board") and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basical financial statements. Becuase the schedule presents only a selected portion of the operations of the Board, it is not intended to and does not represent the financial position of the Board. Child Nutrition Cluster - includes awards that assist States in administering food services that provide healthful, nutritious meals to eligible children in public and non-profit private schools, residential child care institutions, and summer recreation programs; and encourage the domestic consumption of nutritious agricultural commodities. Special Education Cluster - includes awwards that ensure that all chdilren with disabilities have available to them a free appropriate public education which emphasizes special education and related services designed to meet their unique needs; ensure that the rights of children with disabilities and their parents or guardians are protected; assist States, localities, educational service agencies and Federal agencies to provide for the education of all children with disabilities; and assess and ensure the effectiveness of efforts to educate children with disabilities. Disability Insurance/SSI Cluster - includes awards that provide benefits to disabled wage earners and their families in the event the family wage earner becomes disabled. These awards provide payments to financially needy individuals who are aged, blind, or disabled.
De Minimis Rate Used: N
Rate Explanation: The Board has not elected to use the 10% de minimis cost rate.
The value of non-cash commodities received from the federal government in connection with the donated food program is reflected in the accompanying financial statements. The total assigned value of commodities donated was $186,750 for fiscal year 2023.
Title: Note 8: Contingencies
Accounting Policies: The accompanying schedule of expenditures of federal awards ("schedule") includes the federal spending of the Houston County Board of Education (the "Board") and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of, the basical financial statements. Becuase the schedule presents only a selected portion of the operations of the Board, it is not intended to and does not represent the financial position of the Board. Child Nutrition Cluster - includes awards that assist States in administering food services that provide healthful, nutritious meals to eligible children in public and non-profit private schools, residential child care institutions, and summer recreation programs; and encourage the domestic consumption of nutritious agricultural commodities. Special Education Cluster - includes awwards that ensure that all chdilren with disabilities have available to them a free appropriate public education which emphasizes special education and related services designed to meet their unique needs; ensure that the rights of children with disabilities and their parents or guardians are protected; assist States, localities, educational service agencies and Federal agencies to provide for the education of all children with disabilities; and assess and ensure the effectiveness of efforts to educate children with disabilities. Disability Insurance/SSI Cluster - includes awards that provide benefits to disabled wage earners and their families in the event the family wage earner becomes disabled. These awards provide payments to financially needy individuals who are aged, blind, or disabled.
De Minimis Rate Used: N
Rate Explanation: The Board has not elected to use the 10% de minimis cost rate.
Grant monies received and disbursed by the Board are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the Board does not believe that such disallowance, if any, would have a material effect on the financial position of the Board. As of April 4, 2024, there were no known material questioned or disallowed costs as a result of grant audits in process or completed.