Notes to SEFA
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, as
applicable, either 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: Detroit Community 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 Detroit Community 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 Detroit Community Schools, it is
not intended to and does not present the financial position, changes in net assets, or cash flows of Detroit Community Schools.
Title: Michigan Department of Education (MDE) Disclosures
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as
applicable, either 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: Detroit Community 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
timing differences of when the deposits were made:
Federal
Assistance Grant/ Reported on Reported on Schedule
List Project Grant Auditor of Expenditures of
Name Number Number Report Federal Awards Variance
COVID-19 Elementary and Secondary School
Emergency Relief Fund (Formula Funds II) 84.425D 213712-2021 $ - $ 77,358 $ (77,358)
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following, as
applicable, either 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: Detroit Community 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.