Audit 331305

Title: Commodities Accounting Policies: Basis of Accounting The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the Allen Parish School Board 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 the Allen Parish School Board, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Allen Parish School Board. Summary of Significant Accounting Policies Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the modified 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. Pass-through identifying numbers are presented where available. The Allen Parish School Board has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Allen Parish School Board has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance. The commodities received, which are noncash revenues, are valued using pricing provided by the United States Department of Agriculture.

Title: Subrecipients Accounting Policies: Basis of Accounting The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the Allen Parish School Board 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 the Allen Parish School Board, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Allen Parish School Board. Summary of Significant Accounting Policies Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the modified 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. Pass-through identifying numbers are presented where available. The Allen Parish School Board has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The Allen Parish School Board has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance. The School Board provided no federal awards to subrecipients.