Title: PROGRAM REPORTING
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of San Perlita Independent School District and is presented on the modified accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: San Perlita Independent School District has elected not to use 10% of the minimis indirect cost rate allowed under the Uniform Guidance.
SHARS and $45,435 of indirect cost are accounted for in the general fund. The National School Lunch Program, School Breakfast Program and Commodity Supplemental Food Program are accounted for in the Child Nutrition Program. Expenditures are not specifically attributable to these revenues and are shown on this schedule in an amount equal to revenue for balancing purposes only.
Reconciliation
Total expenditures of federal awards, per Exhibit K-1 $947,607
General fund – Federal Revenue
School Health and Related Services (SHARS) revenue 6,088
Total Federal Revenues, per Exhibit C-3 $953,695
Title: SUB-RECIPIENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of San Perlita Independent School District and is presented on the modified accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: San Perlita Independent School District has elected not to use 10% of the minimis indirect cost rate allowed under the Uniform Guidance.
During the year ended June 30, 2024, the San Perlita Independent School District had no sub-recipients
Title: FEDERAL LOANS AND LOAN GUARANTEES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of San Perlita Independent School District and is presented on the modified accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: San Perlita Independent School District has elected not to use 10% of the minimis indirect cost rate allowed under the Uniform Guidance.
During the year ended June 30, 2024, the District had no outstanding federal loans payable or loan
guarantees.
Title: FEDERALLY FUNDED INSURANCE
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of San Perlita Independent School District and is presented on the modified accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: San Perlita Independent School District has elected not to use 10% of the minimis indirect cost rate allowed under the Uniform Guidance.
During the year ended June 30, 2024, the District had no federally funded insurance.
Title: NONCASH AWARDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of San Perlita Independent School District and is presented on the modified accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the general-purpose financial statements.
De Minimis Rate Used: N
Rate Explanation: San Perlita Independent School District has elected not to use 10% of the minimis indirect cost rate allowed under the Uniform Guidance.
During the year ended June 30, 2024, the District received $14,850 of federal awards in the form of
noncash assistance.