Title: NOTE D – OVERSIGHT AGENCY:
Accounting Policies: NOTE A – BASIS OF PRESENTATION:
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Marquette-Alger Regional Educational Service Agency (the Agency) 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 (CFR) 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 Agency, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Agency.
NOTE B – SUMMARY OF SIGNIFICANT 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts on the schedule, if any, 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 Agency has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Department of Education is the current year’s oversight agency for the single audit as determined by the agency providing the largest share of the Agency’s federal financial assistance.
Title: NOTE E – FINAL COST REPORT – FORM DS4044:
Accounting Policies: NOTE A – BASIS OF PRESENTATION:
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Marquette-Alger Regional Educational Service Agency (the Agency) 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 (CFR) 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 Agency, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Agency.
NOTE B – SUMMARY OF SIGNIFICANT 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts on the schedule, if any, 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 Agency has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The final cost reports are not due until 60 days after the end of the grant period. The reports for the current year were not completed as of the date of our report. However, we reviewed the reports filed for the prior year grants and noted that they agreed with either the prior year audited figures or the prior year and current audit figures combined.
Title: NOTE F – RECONCILIATION OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO GRANT AUDITOR REPORT:
Accounting Policies: NOTE A – BASIS OF PRESENTATION:
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Marquette-Alger Regional Educational Service Agency (the Agency) 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 (CFR) 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 Agency, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Agency.
NOTE B – SUMMARY OF SIGNIFICANT 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts on the schedule, if any, 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 Agency has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
NOTE F – RECONCILIATION OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO GRANT AUDITOR REPORT:
Current Payments per Grant Auditor Report $16,592,426
Errors on Grant Auditor Report:
GSRP21 – Carryover; request after grant closed (37,170)
232810 Health Resources Advocate 3,175
Add: Payments not on Grant Auditor Report passed through:
Michigan Fitness Foundation $167,277
Delta Schoolcraft ISD 73,931
Michigan Department of Community Health 85,463
Keweenaw Family Resource Center 11,546
NorthCare Network 104,871 443,088
Less: Amounts recorded as (accrued) deferred revenue at
June 30, 2023:
Passed through MDE 185,914
Passed through MDE (3,050,014)
Michigan Fitness Foundation (53,262)
Calhoun ISD (23,325)
Delta Schoolcraft ISD (49,986)
School Readiness Consulting, LLC 3,000
Copper Country Great Start Collaborative (454)
NorthCare Network 36,185 (2,951,942)
Add: Amounts recorded as accrued (deferred) revenue at
June 30, 2024:
Passed through MDE 4,686,632
Passed through MDE (29,994)
Michigan Fitness Foundation 65,413
Delta Schoolcraft ISD 113,103
Calhoun ISD 23,325
School Readiness Consulting, LLC (3,000)
Keweenaw Family Resource Cetner (11,092)
NorthCare Network 50,373 4,894,760
Adjustments:
Prior year grant expenditures (149,947)
Rounding 1
$18,794,391
A reconciliation of expenditures on the Schedule of Expenditures of Federal Awards to federal revenue recognized in the audited financial statements is as follows:
TOTAL FEDERAL SOURCES REPORTED IN FINANCIAL STATEMENTS:
General Fund $15,613,693
Special Education Fund 3,391,610
Federal funding received as “beneficiary” relationship (25,000)
Adjustment to prior year federal expenditures (185,914)
Rounding 2
TOTAL FEDERAL AWARD EXPENDITURES REPORTED ON THE
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
$18,794,391