Audit 332187

Title: BASIS OF PRESENTATION Accounting Policies: Expense Recognition 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 allowed or are limited as to reimbursement. Accrued and Deferred Reimbursement Various reimbursement procedures are used for federal awards received by the Tangipahoa Parish School System. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year end represent an excess of reimbursable expenditures over cash reimbursements and expenditures will be reversed in the remaining grant period. Pass-Through Entity Information Pass-through entity identifying numbers are presented where available. Payments to Subrecipients There were no payments to subrecipients for the fiscal year ended June 30, 2024. De Minimis Rate Used: N Rate Explanation: The Tangipahoa Parish School System uses an indirect cost rate negotiated and approved by the Louisiana Department of Education and the U.S. Department of Education, and has elected not to use the 10% de minimis cost rate as provided for in section 200.414 of the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of the Tangipahoa Parish School System under programs of the federal government for the year ended June 30, 2024. The information in the 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 Tangipahoa Parish School System, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Tangipahoa Parish School System.

Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: Expense Recognition 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 allowed or are limited as to reimbursement. Accrued and Deferred Reimbursement Various reimbursement procedures are used for federal awards received by the Tangipahoa Parish School System. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year end represent an excess of reimbursable expenditures over cash reimbursements and expenditures will be reversed in the remaining grant period. Pass-Through Entity Information Pass-through entity identifying numbers are presented where available. Payments to Subrecipients There were no payments to subrecipients for the fiscal year ended June 30, 2024. De Minimis Rate Used: N Rate Explanation: The Tangipahoa Parish School System uses an indirect cost rate negotiated and approved by the Louisiana Department of Education and the U.S. Department of Education, and has elected not to use the 10% de minimis cost rate as provided for in section 200.414 of the Uniform Guidance. Expense Recognition 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 allowed or are limited as to reimbursement. Accrued and Deferred Reimbursement Various reimbursement procedures are used for federal awards received by the Tangipahoa Parish School System. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year end represent an excess of reimbursable expenditures over cash reimbursements and expenditures will be reversed in the remaining grant period. Pass-Through Entity Information Pass-through entity identifying numbers are presented where available. Payments to Subrecipients There were no payments to subrecipients for the fiscal year ended June 30, 2024.

Title: INDIRECT COST RATE Accounting Policies: Expense Recognition 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 allowed or are limited as to reimbursement. Accrued and Deferred Reimbursement Various reimbursement procedures are used for federal awards received by the Tangipahoa Parish School System. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year end represent an excess of reimbursable expenditures over cash reimbursements and expenditures will be reversed in the remaining grant period. Pass-Through Entity Information Pass-through entity identifying numbers are presented where available. Payments to Subrecipients There were no payments to subrecipients for the fiscal year ended June 30, 2024. De Minimis Rate Used: N Rate Explanation: The Tangipahoa Parish School System uses an indirect cost rate negotiated and approved by the Louisiana Department of Education and the U.S. Department of Education, and has elected not to use the 10% de minimis cost rate as provided for in section 200.414 of the Uniform Guidance. The Tangipahoa Parish School System uses an indirect cost rate negotiated and approved by the Louisiana Department of Education and the U.S. Department of Education, and has elected not to use the 10% de minimis cost rate as provided for in section 200.414 of the Uniform Guidance.