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 the 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 Auditor 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: Flint 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 Flint 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 Flint Community Schools, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Flint 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 the 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 Auditor 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: Flint Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
District total current payments per MDE NexSys GAR $68,528,355
Addition of receipts not passed through the Michigan Department of Education and not included in the NexSys System:
55030 Entitlement Commodities 162,802
55030 Bonus Commodities 725
Special Education Cluster 1,774,588
Title I Technical Assistance Grant 54,181
Title I Regional Assistance Grant 16,615
Title III Part A Immigrant Students 8,964
Medicaid Outreach AOP 2023-2024 26,516
Medicaid Outreach AOP 2022-2023
Plus payments out of NexSys in the prior year, but not received by the District until after June 30, 2023:
School Breakfast Expansion 10,000
Less payments out of NexSys prior to year end, but not received by the District until after June 30, 2024:
Fresh Fruits and Vegetables Program (22,425)
Plus a Recapture in NexSys in the current year related to a prior year grant:
Title II Part A 210520 2020-2021 79,041
Plus Immaterial Rouding 1
Total Current Year Receipts per the Schedule of Expenditures of Federal Awards $70,639,363
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 the 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 Auditor 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: Flint 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 $71,840,348
Special Revenue Fund:
Lunch Fund 2,857,523
Federal Revenue Presented in the Financial Statements 74,697,871
Federal revenue for which the School District is considered a vendor or beneficiary rather than a subrecipient:
NJROTC Program Grant JROTC221S (43,697)
Less a Recapture in NexSys in the current year related to a prior year grant:
Title II Part A 210520 2020-2021 79,041
Federal Revenue on the Schedule of Expenditures of Federal Awards $74,733,215