Audit 329951

Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIES Organization The accompanying Schedule of Expenditures of Federal Awards represents all Federal awards administered by the Marathon Central School District. The School District’s organization is defined in Note 1 to the School District’s basic financial statements. Basis of Accounting The expenditures in the accompanying schedule are presented on an accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Cluster Programs The following programs are identified by “OMB Compliance Supplement” to be part of a cluster of programs: U.S. Department of Agriculture Nutrition Cluster AL #10.553 School Breakfast Program AL #10.555 National School Lunch Program AL #10.555 Snack Program AL #10.559 Summer Food Service Program U.S. Department of Education Special Education Cluster AL #84.027 Special Education Grants to States (IDEA, Part B) AL #84.173 Special Education Preschool Grants (IDEA Preschool) AL #84.027X COVID-19- Special Education Grants to States (IDEA, Part B) De Minimis Indirect Cost Rate The School District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. Food Donation Nonmonetary assistance is reported in the schedule at fair market value of the food commodities received. At June 30, 2024, the School District had food commodities totaling $1,249 in inventory. Donated Personal Protective Equipment (Unaudited) During the emergency period of COVID-19, federal agencies and recipients of federal assistance funds donated personal protective equipment (PPE) to non-federal entities. In connection with that donation, the recipient must disclose the estimated value of donated PPE, but such amounts are not included in the Schedule of Expenditures of Federal Awards. The School District did not receive donated PPE during the reporting year. De Minimis Rate Used: N Rate Explanation: De Minimis Indirect Cost Rate The School District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.