Audit 326196

Title: Basis of Presentation Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of Chittenango Central School District’s federal award programs and presents transactions that are included in the financial statements of the District presented on the modified accrual basis of accounting, as required by accounting principles generally accepted in the United States of America. Such expenditures 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. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data provided. Chittenango Central School District has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by the Chittenango Central School District, which is described in Note 1 to the District’s accompanying financial statements, using the modified accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. CFDA numbers and pass through numbers are provided, when available.

Title: Summary of Significant Accounting Policies Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of Chittenango Central School District’s federal award programs and presents transactions that are included in the financial statements of the District presented on the modified accrual basis of accounting, as required by accounting principles generally accepted in the United States of America. Such expenditures 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. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data provided. Chittenango Central School District has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance The accompanying schedule of expenditures of federal awards is a summary of the activity of Chittenango Central School District’s federal award programs and presents transactions that are included in the financial statements of the District presented on the modified accrual basis of accounting, as required by accounting principles generally accepted in the United States of America. Such expenditures 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.

Title: Indirect Cost Rate Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of Chittenango Central School District’s federal award programs and presents transactions that are included in the financial statements of the District presented on the modified accrual basis of accounting, as required by accounting principles generally accepted in the United States of America. Such expenditures 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. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data provided. Chittenango Central School District has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data provided. Chittenango Central School District has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance.

Title: Non‐Cash Assistance Accounting Policies: The accompanying schedule of expenditures of federal awards is a summary of the activity of Chittenango Central School District’s federal award programs and presents transactions that are included in the financial statements of the District presented on the modified accrual basis of accounting, as required by accounting principles generally accepted in the United States of America. Such expenditures 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. De Minimis Rate Used: N Rate Explanation: Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the data provided. Chittenango Central School District has elected not to use the 10‐percent de minimis indirect cost rate allowed under the Uniform Guidance The District is the recipient of a federal award program that does not result in cash receipts or disbursements. The District was granted approximately $68,000 of commodities under the National School Lunch Program (CFDA 10.555).