Title: Note 1: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Four Rivers Special Education District No. 801 and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Four Rivers Special Education District No. 801 did not elect to use the 10% de minimis cost rate
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Four Rivers Special Education District No. 801 and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Note 2: Indirect Facilities & Administrative Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Four Rivers Special Education District No. 801 and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Four Rivers Special Education District No. 801 did not elect to use the 10% de minimis cost rate
The auditee did not elect to use the 10% de minimis cost rate.
Title: Note 3: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Four Rivers Special Education District No. 801 and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Four Rivers Special Education District No. 801 did not elect to use the 10% de minimis cost rate
Of the Federal expenditures presented in the schedule, Four Rivers Special Education District No. 801 provided Federal awards to subrecipients as follows: N/A
Title: Note 4: Non-Cash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Four Rivers Special Education District No. 801 and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Four Rivers Special Education District No. 801 did not elect to use the 10% de minimis cost rate
The following amounts were expended in the form of non-cash assistance by Four Rivers Special Education District No. 801: NON-CASH COMMODITIES (AL 10.555) $3,266. Total Non-Cash Assistance $3,266.
Title: Note 5: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Four Rivers Special Education District No. 801 and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Four Rivers Special Education District No. 801 did not elect to use the 10% de minimis cost rate
Four Rivers Special Education District No. 801 did not pay any insurance coverage with Federal funds during the fiscal year. $0 of Federal loans or loan guarantees were outstanding at June 30, 2024. Four Rivers Special Education District No. 801 did not have any Federal grants requiring matching expenditures.
Title: Note 6: Reconciliation of Schedule of Expenditures of Federal Awards to Financial Statement Expenditures
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Four Rivers Special Education District No. 801 and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Four Rivers Special Education District No. 801 did not elect to use the 10% de minimis cost rate
Total expenditures per schedule of expenditures of federal awards $817,559; Government donated commodities not reported in financial statements ($3,266); Total federal expenditures per statement of revenues received, expenditures disbursed, other financing sources (uses) and changes in fund balance $814,293.
Title: Note 7: Reconciliation of "Final Status" Column
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Four Rivers Special Education District No. 801 and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: Four Rivers Special Education District No. 801 did not elect to use the 10% de minimis cost rate
7/1/22-6/30/23 Expenditures per SEFA $558,916; 7/1/23-6/30/24 Expenditures per SEFA $817,559; 7/1/21-6/30/22 Expenditures Not on SEFA $203,146; FINAL STATUS PER SEFA $1,579,621