Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, OMB Circular A-87 Cost Principles for State, Local and Indian Tribal Governments, where certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School District of the City of River Rouge has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the School District of the City of River Rouge 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 the School District of the City of River Rouge, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the School District of the City of River Rouge.
Title: Reconciliation to the Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, OMB Circular A-87 Cost Principles for State, Local and Indian Tribal Governments, where certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School District of the City of River Rouge has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Certain grants that were awarded as a result of COVID-19, allowed recipients to reimburse eligible costs incurred during the prior years ended June 30, 2020 through June 30, 2023. Therefore, $4,927,300 of prior year expenditures related to 84.425U, Education Stabilization Fund are included in the June 30, 2024 Schedule of Expenditures of Federal Awards.
The federal revenues reported on the financial statements reconcile with expenditures reported on the SEFA as shown:
Expenditures per the schedule of expenditures of federal awards: $14,312,210,
Due from other governments not received within 60 days (prior year):
Title I, Part A - Grants to Local Educational Agencies 231530: $1,412,450,
Title II, Part A - Supporting Effective Instruction State Grants 230520: $161,570,
Title IV, Part A - Student Support and Academic Enrichment 230750: $26,700,
COVID-19 - ESSER II Formula Funds 213712: $2,407,635,
COVID-19 - ESSER II Learning Loss 213782: $1,034,
Total: $4,009,389
Federal revenues per the financial statements: $18,321,599
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, OMB Circular A-87 Cost Principles for State, Local and Indian Tribal Governments, where certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School District of the City of River Rouge has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
No amounts were provided to subrecipients.
Title: Michigan Department of Education Disclosures
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, OMB Circular A-87 Cost Principles for State, Local and Indian Tribal Governments, where certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School District of the City of River Rouge has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The amounts reported on the recipient entitlement balance report agree with the schedule of expenditures of federal awards for U.S.D.A donated food commodities.
The federal amounts reported on the CMS Grant Auditor Report (GAR) agree with the schedule of expenditures of federal awards.