Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule of Federal Expenditures are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance. Where in certain types of expenditures are not allowable or are limited as a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met. Expenditures on this schedule reconcile with amounts reported in the financial statements and the financial reports submitted to the Michigan Department of Education. Management has utilized the MDE NexSys Grant Auditors Report (GAR) in preparing the Schedule of Expenditures of Federal Awards. The amounts reported on the Recipient Entitlement Balance Report, or PAL Report, agree with this schedule for USDA donated food commodities and are reported in the Cash Receipts column. Expenditures include spoilage or pilferage.
De Minimis Rate Used: N
Rate Explanation: Alcona Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Alcona Community Schools under programs of the federal government for the year ended June 30, 2024. 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, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Alcona Community Schools, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Alcona Community Schools.
Title: Reconciliation to the Michigan Department of Education (MDE) NexSys Grant Section Auditors Report (GAR):
Accounting Policies: Expenditures reported on the Schedule of Federal Expenditures are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance. Where in certain types of expenditures are not allowable or are limited as a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met. Expenditures on this schedule reconcile with amounts reported in the financial statements and the financial reports submitted to the Michigan Department of Education. Management has utilized the MDE NexSys Grant Auditors Report (GAR) in preparing the Schedule of Expenditures of Federal Awards. The amounts reported on the Recipient Entitlement Balance Report, or PAL Report, agree with this schedule for USDA donated food commodities and are reported in the Cash Receipts column. Expenditures include spoilage or pilferage.
De Minimis Rate Used: N
Rate Explanation: Alcona Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
Total Current Year Receipts per the MDE NexSys Grant Section Auditors Report $981,405
Addition of receipts not passed through the Michigan Department of Education and not included in the NexSys System:
Food Distribution for National Lunch Program:
55030 Entitlement Commodities 34,114
55030 Bonus Commodities 169
Healthy Meals Incentives 0584-0512 24,161
Schools and Roads Grant Funds - 2023 31,919
Section 32n Before and After School Program
232421 2022-2023 25,913
242421 2023-2024 30,412
Emergency Connectivity Fund Program - 2023 49,040
2022 Clean School Bus Rebate Program 790,000
Medicaid Outreach Claims 2024 7,454
Plus receipts included in the NexSys System at June 30, 2023 that were not received by the District until the current fiscal year-end:
Title I - Grants to Local Educational Agencies:
Part A Imp Basic Pro 231530 2223 $19,321
Title V Part B
Rural Education Achievement Program 230660 2223 1,365
Title IIA:
Supporting Effective Instruction 2305202323 2,255
Title IV Part A:
Student Support & Academic Enrichment 230750 2223 1,543
COVID 19 - ESSER III 213713 2223 255,004
Plus an immaterial rounding difference 2
Total Current Year Receipts on the Schedule of Expenditures of Federal Awards $2,254,077
Title: Reconciliation to Financial Statements:
Accounting Policies: Expenditures reported on the Schedule of Federal Expenditures are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance. Where in certain types of expenditures are not allowable or are limited as a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met. Expenditures on this schedule reconcile with amounts reported in the financial statements and the financial reports submitted to the Michigan Department of Education. Management has utilized the MDE NexSys Grant Auditors Report (GAR) in preparing the Schedule of Expenditures of Federal Awards. The amounts reported on the Recipient Entitlement Balance Report, or PAL Report, agree with this schedule for USDA donated food commodities and are reported in the Cash Receipts column. Expenditures include spoilage or pilferage.
De Minimis Rate Used: N
Rate Explanation: Alcona Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
General Fund $1,328,473
Special Revenue Funds:
Food Service Fund 588,546
Federal Revenue on the Schedule of Expenditures of Federal Awards $1,917,019