Audit 32332

Accounting Policies: NOTE A BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal awardactivity of Bethel Local School District (the Districts) under programs of the federal government for the yearended June 30, 2022. The information on this Schedule is prepared in accordance with the requirementsof 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 aselected portion of the operations of the District, it is not intended to and does not present the financialposition 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 District has elected not to use the 10-percent de minimis indirect cost rate as allowed under theUniform Guidance.NOTE D - CHILD NUTRITION CLUSTERThe District commingles cash receipts from the U.S. Department of Agriculture with similar State grants.When reporting expenditures on this Schedule, the Government assumes it expends federal monies first.NOTE F FOOD DONATION PROGRAMThe District reports commodities consumed on the Schedule at the fair value. The District allocated donatedfood commodities to the respective program that benefitted from the use of those donated foodcommodities. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.