Title: NOTE 3 -RELATIONSHIP TO THE BASIC FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of
Expenditures of Federal Awards includes the federal award activity of the
LaSalle Parish School Board (the "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 School Board, it is not intended
to and does not present the financial position or change in net position of
the School Board. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES The accompanying Schedule of Expenditures of Federal Awards
is presented using the modified accrual basis of accounting, which is
described in Note 1 of the Notes to the Basic Financial Statements of the
School Board's Annual Comprehensive Financial Report. 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.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance.
NOTE 3 - RELATIONSHIP TO THE BASIC FINANCIAL STATEMENTS
Federal awards expended are reported in the School Board's
basic financial statements as follows:
Federal Sources Major Funds:
Education Stabilization $1,784,123
Nonmajor Funds:
School Food Service 1,702,243
ESEA Programs 1,158,487
Special Education 647,768
Career and Technical Grants 168,228
Miscellaneous Grants 70,262
Miscellaneous Improvement Projects 25,528
Total $5,556,639
Title: NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of
Expenditures of Federal Awards includes the federal award activity of the
LaSalle Parish School Board (the "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 School Board, it is not intended
to and does not present the financial position or change in net position of
the School Board. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES The accompanying Schedule of Expenditures of Federal Awards
is presented using the modified accrual basis of accounting, which is
described in Note 1 of the Notes to the Basic Financial Statements of the
School Board's Annual Comprehensive Financial Report. 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.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance.
NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
Amounts reported in the accompanying schedule agree with the
amounts reported in the related federal financial reports except
for changes made to reflect amounts in accordance with
accounting principles generally accepted in the United States of
America.
Title: NOTE 5 - MATCHING REVENUES
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of
Expenditures of Federal Awards includes the federal award activity of the
LaSalle Parish School Board (the "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 School Board, it is not intended
to and does not present the financial position or change in net position of
the School Board. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES The accompanying Schedule of Expenditures of Federal Awards
is presented using the modified accrual basis of accounting, which is
described in Note 1 of the Notes to the Basic Financial Statements of the
School Board's Annual Comprehensive Financial Report. 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.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance.
NOTE 5 - MATCHING REVENUES For those funds that have
matching revenues and state funding, federal expenditures
were determined by deducting matching revenues from total
expenditures.
Title: NOTE 6 - NONCASH PROGRAMS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of
Expenditures of Federal Awards includes the federal award activity of the
LaSalle Parish School Board (the "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 School Board, it is not intended
to and does not present the financial position or change in net position of
the School Board. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES The accompanying Schedule of Expenditures of Federal Awards
is presented using the modified accrual basis of accounting, which is
described in Note 1 of the Notes to the Basic Financial Statements of the
School Board's Annual Comprehensive Financial Report. 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.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance.
NOTE 6 - NONCASH PROGRAMS The commodities received,
which are noncash revenues, are valued using prices provided
by the United States Department of Agriculture.
Title: NOTE 7 – DISASTER GRANTS – PUBLIC ASSISTANCE, AL# 97.036
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of
Expenditures of Federal Awards includes the federal award activity of the
LaSalle Parish School Board (the "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 School Board, it is not intended
to and does not present the financial position or change in net position of
the School Board. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES The accompanying Schedule of Expenditures of Federal Awards
is presented using the modified accrual basis of accounting, which is
described in Note 1 of the Notes to the Basic Financial Statements of the
School Board's Annual Comprehensive Financial Report. 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.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance.
NOTE 7 – DISASTER GRANTS – PUBLIC ASSISTANCE, AL# 97.036
Non-Federal entities must record expenditures on the SEFA
when: (1) Federal Emergency Management Agency (FEMA) has
approved the non federal entity’s project worksheet (PW), and
(2) the non-federal entity has incurred the eligible
expenditures. In 2024, FEMA approved $92,890 of eligible
expenditures that were incurred in a prior year and are included
on the schedule.
Title: NOTE 8 - INDIRECT COST RATE
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of
Expenditures of Federal Awards includes the federal award activity of the
LaSalle Parish School Board (the "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 School Board, it is not intended
to and does not present the financial position or change in net position of
the School Board. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES The accompanying Schedule of Expenditures of Federal Awards
is presented using the modified accrual basis of accounting, which is
described in Note 1 of the Notes to the Basic Financial Statements of the
School Board's Annual Comprehensive Financial Report. 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.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis
indirect cost rate allowed under the Uniform Guidance.
NOTE 8 - INDIRECT COST RATE The School Board has elected not
to use the 10-percent de minimis indirect cost rate allowed
under the Uniform Guidance.