Title: Note 2
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use 10% de minimis indirect cost rate.
Extensive compliance tests, as required by the Single Audit Act of 1996, was performed on the Education Stabilization Fund and the Title I Grants to LEAs, which represent 38% of the total expenditures reflected on the Schedule of Expenditures of Federal Awards. Test of 20% Rule based on expenditures: Child Nutrition Cluster: Summer Food Service Program for Children 10.559 $2,905; National School Lunch Program 10.555 $1,804,643; School Breakfast Program 10.553 $255,492; Education Stabilization Fund 84.425D/U $1,176,263; Title I Grants to LEAs 84.010 $625,639; Special Education Cluster: Special Education Grants to States 84.027 $654,151; Special Education-Preschool Program 84.173 $5,175; Improving Teacher Quality State Grants 84.367 $99,139; Student Support and Academic Enrichment Grants 84.424 $44,583; State Pandemic Electronic Benefit Transfer Administrative Cost Grant 10.649 $3,063; Medical Assistance 93.778 $33,431. Total Expenditures $4,704,484 X 20%=$940,897-Minimum Amount Which Must Be Tested. The Education Stabilization Fund and the Title I Grants to LEAs exceed $940,897 and, therefore, represent the programs to which we had to apply the specific compliance requirements.
Title: Note 3
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use 10% de minimis indirect cost rate.
The commodities are valued at market value, which represents the cost to replace these commodities.
Title: Note 4
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use 10% de minimis indirect cost rate.
The School District had a receivable of $328,777 for the Medical Assistance reimbursements for the ACCESS program as of June 30, 2021. During the current year, the School District received this amount. The ACCESS program is the medical assistance (MA) program that reimburses school entities for direct, eligible health related services provided to MA enrolled special needs children. These reimbursements are classified as federal money in the School's account code structure; however, these funds are not restricted in use like other federal monies. ACCESS reimbursements are classified as fee-for-service revenues, and are not considered federal financial assistance, which results in ACCESS funds not being reported on the School District's Schedule of Expenditures of Federal Awards. During the current year, the School Districted earned $224,995, which is recognized as a receivable as of June 30, 2022.
Title: Note 6
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use 10% de minimis indirect cost rate.
The School District has no subrecipients.