Title: Relation to the financial statements and federal financial reports
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Howard County Public School System (HCPSS), a component unit of Howard County, Maryland, under programs of the federal government for the year ended June 30, 2022. 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, andAudit Requirements for Federal Awards ("Uniform Guidance").Expenditures reported on theSchedule are reported on the modified accrual basis of accounting. This basis of accounting is fullydescribed in the Summary of Significant Accounting Policies to HCPSS's financial statements. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement.Because the Schedule presents only a selected portion of operations of HCPSS, it is not intendedto and does not present the financial position, changes in net position, or cash flows of HCPSS. The value of food commodities donated by the United States Department of Agriculture (the"Department") is determined by the Department and is included in revenues and expenditures in theyear received.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Amounts reported in the Schedule agree with amounts reported in HCPSS's basic financialstatements and the related federal financial reports submitted by HCPSS, except as indicatedbelow.Federal revenues per the financial statements are reconciled to the Schedule as follows:Total federal revenues per financial statements $ 95,251,991Federal revenues reported as local intergovernmental revenue onfinancial statements 692,984Provider Relief Funds reported in the Schedule but recorded asprior year revenue 20,775Federal revenues not included in the ScheduleMedical assistance revenue (640,826)U.S. ROTC revenue (226,893)Total federal revenues per Schedule of Expenditures ofFederal Awards $ 95,098,031
Title: COVID-19 Provider Relief Fund and American Rescue Plan ("ARP") Rural Distri
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Howard County Public School System (HCPSS), a component unit of Howard County, Maryland, under programs of the federal government for the year ended June 30, 2022. 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, andAudit Requirements for Federal Awards ("Uniform Guidance").Expenditures reported on theSchedule are reported on the modified accrual basis of accounting. This basis of accounting is fullydescribed in the Summary of Significant Accounting Policies to HCPSS's financial statements. Suchexpenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not allowable or are limited as to reimbursement.Because the Schedule presents only a selected portion of operations of HCPSS, it is not intendedto and does not present the financial position, changes in net position, or cash flows of HCPSS. The value of food commodities donated by the United States Department of Agriculture (the"Department") is determined by the Department and is included in revenues and expenditures in theyear received.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
For the U.S. Department of Health and Human Services ("HHS") awards related to the ProviderRelief Fund ("PRF") and American Rescue Plan ("ARP") Rural Distribution program, HHS hasindicated that the amounts on the schedule be reported corresponding to reporting requirements ofthe HRSA PRF Reporting Portal. Payments from HHS for PRF are assigned to 'Payment ReceivedPeriods' (each, a Period) based upon the date each payment from the PRF was received. EachPeriod has a specified Period of Availability and timing of reporting requirements. Entities report intothe HRSA PRF Reporting Portal after each Period's deadline to use the funds (i.e., after the end ofthe Period of Availability).The Schedule includes $20,775 received from HHS between July 1, 2020 through December 31,2020. In accordance with guidance from HHS, this amount is considered Period 2 funding. Suchamounts were recognized in the fiscal year ended June 30, 2021 as grant revenue in the yearexpensed in the financial statements.The Schedule includes $32,521 received from HHS between January 1, 2021 through June 30,2021. In accordance with guidance from HHS, this amount is considered Period 3 funding. Suchamounts were recognized in the fiscal year ended June 30, 2022 as grant revenue in the yearexpensed in the financial statements.Provider Relief Funds of $20,775 related to Period 2 were included on the 2021 Schedule ofExpenditures of Federal Awards ("SEFA"). Per guidance released by HHS in July 2021, recipientsof Provider Relief Funds for Period 2 with a June year-end should have included those amounts inthe 2022 SEFA only.