Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the
cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Maple Valley Schools 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 Maple Valley 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 Maple Valley Schools, it is not
intended to and does not present the financial position and changes in financial positions of Maple Valley Schools.
Title: Reconciliation to the Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the
cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Maple Valley Schools has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
Expenditures reported on the Schedule agree to the federal revenues reported in the financial statements.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the
cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Maple Valley Schools 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 modified accrual basis of accounting. Such expenditures are recognized following the
cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Maple Valley Schools has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
The federal amounts reported on the grant auditor report are in agreement with the schedule of expenditures of federal awards except for the
following:
AL #Project#
Cash Received per
SEFA
Less: Amount Disbursed in 22-23
per MDE Grant
Auditor Report but received in 23-24 by the District
Cash paid per June
30, 2024 MDE Grant Auditor Report
84.010231530-2223294,659 $ (200,000) $ 94,659 $
84.367230520-222346,985 (46,985) -
84.424230750-222323,250 (23,250) -
84.425U213713-2122500,000 (500,000) -
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.
Title: Adjustments
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the
cost principles contained in the Uniform Guidance where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Maple Valley Schools has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
The June 30, 2022 Schedule of Expenditures and Federal Awards recorded $324,131 of expenditures for grant number 221530-2122 and $23,063
of expenditures for grant number 220750-2122. After an onsite review of grants 221530-2122 and 220750-2122, Michigan Department of Education noted $6,925 and $1,894, respectively, of unallowable expenditures related to the programs. Therefore, the June 30, 2024 Schedule of
Expenditures and Federal Awards reported adjustments of $(6,925) for grant number 221530-2122 and $(1,894) for grant number 220750-2122.