Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the School’s federal award programs and does not present transactions that would be included in financial statements of the School presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the School under programs of the federal government for the fiscal year ended June 30, 2024. The information reported 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 School, it is not intended to and does not present the financial position, changes in net assets or cash flows of the School.
Title: Description of Major Federal Program
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the School’s federal award programs and does not present transactions that would be included in financial statements of the School presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Education Stabilization Fund provides financial assistance to schools and other education-related entities for emergency assistance as a result of the Novel Coronavirus Disease 2019.
Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the School’s federal award programs and does not present transactions that would be included in financial statements of the School presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The School did not provide federal awards to any subrecipients during the fiscal year ended June 30, 2024.
Title: Food Distribution
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the School’s federal award programs and does not present transactions that would be included in financial statements of the School presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed by the School during the fiscal year ended June 30, 2024.
Title: Insurance
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the School’s federal award programs and does not present transactions that would be included in financial statements of the School presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The School did not have any federal insurance in effect during the fiscal year ended June 30, 2024.
Title: Loan/Loan Guarantees
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the School’s federal award programs and does not present transactions that would be included in financial statements of the School presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The School did not have any loans or loan guarantees outstanding as of June 30, 2024.
Title: Donated Personal Protective Equipment (Unaudited)
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is a summary of the cash activity of the School’s federal award programs and does not present transactions that would be included in financial statements of the School presented on the accrual basis of accounting, in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The District did not receive any donated personal protective equipment during the fiscal year ended June 30, 2024.