Audit 32146

Accounting Policies: NOTE A BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal awardactivity of Bradford Exempted Village School District (the Districts) under programs of the federalgovernment for the year ended June 30, 2022. The information on this Schedule is prepared in accordancewith the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Becausethe Schedule presents only a selected portion of the operations of the District, it is not intended to and doesnot present the financial position or changes in net position of the District.NOTE B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the cash basis of accounting. Such expendituresare recognized following the cost principles contained in Uniform Guidance wherein certain types ofexpenditures may or may not be allowable or may be limited as to reimbursement.NOTE C INDIRECT COST RATEThe Government has elected not to use the 10-percent de minimis indirect cost rate as allowed under theUniform Guidance.NOTE D - SUBRECIPIENTSThe Government passes certain federal awards received from the Ohio Department of Education (ODE) toother governments or not-for-profit agencies (subrecipients). As Note B describes, the Government reportsexpenditures of Federal awards to subrecipients when paid in cash.As a subrecipient, the Government has certain compliance responsibilities, such as monitoring itssubrecipients to help assure they use these subawards as authorized by laws, regulations, and theprovisions of contracts or grant agreements, and that subrecipients achieve the awards performance goals.NOTE E - CHILD NUTRITION CLUSTERThe Government commingles cash receipts from the U.S. Department of Agriculture with similar Stategrants. When reporting expenditures on this Schedule, the Government assumes it expends federalmonies first.NOTE F FOOD DONATION PROGRAMThe Government reports commodities consumed on the Schedule at the entitlement value. TheGovernment allocated donated food commodities to the respective programs that benefitted from the useof those donated food commodities. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.