Notes to SEFA
Title: 4)
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared under the modified accrual basis of accounting. Management has utilized the Grant Auditor Report in preparing the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Auditee used indirect cost rates provided in approved grant budgets from State of Michigan.
The State of Michigan made a $1,623 adjustment to 22-23 Title IV Expenditures and reduced payments made to the District to recover the money.
Title: 5)
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared under the modified accrual basis of accounting. Management has utilized the Grant Auditor Report in preparing the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: Auditee used indirect cost rates provided in approved grant budgets from State of Michigan.
The District did not request or receive $95 in 22-23 Title I Funds or $7,765 in 22-23 Title IV Funds.