Title: Basis of Presentation
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting,
which is described in Note 1 to the School Board's financial statements. Nonmonetary assistance is reported
in the schedule at fair value of the goods received.
De Minimis Rate Used: N
Rate Explanation: The School Board used the indirect cost rates approved by the grantor agencies.
The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of all
federal awards activity of the Red River Parish School Board, Coushatta, Louisiana (the School Board), 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 School Board, it is
not intended to and does not present the financial position, changes in net position, or cash flows of the
School Board.
Title: General
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting,
which is described in Note 1 to the School Board's financial statements. Nonmonetary assistance is reported
in the schedule at fair value of the goods received.
De Minimis Rate Used: N
Rate Explanation: The School Board used the indirect cost rates approved by the grantor agencies.
The School Board reporting entity is defined in Note 1 to the School Board's general purpose financial
statements. All Federal financial assistance received directly from Federal agencies as well as Federal
financial assistance passed through other government agencies is included on the schedule.
Title: Relationship to the Financial Statements
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting,
which is described in Note 1 to the School Board's financial statements. Nonmonetary assistance is reported
in the schedule at fair value of the goods received.
De Minimis Rate Used: N
Rate Explanation: The School Board used the indirect cost rates approved by the grantor agencies.
The following reconciliation is provided to help the reader of the School Board’s financial statements and
supplementary information relate such information to the Schedule of Expenditures of Federal Awards for
the year June 30, 2024:
Total federal awards expended per Schedule of Expenditures of Federal Awards $ 6,647,188
Total expenditures funded by other sources 31,707,483
Total expenditures $ 38,354,671
Title: Non-Cash Assistance
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting,
which is described in Note 1 to the School Board's financial statements. Nonmonetary assistance is reported
in the schedule at fair value of the goods received.
De Minimis Rate Used: N
Rate Explanation: The School Board used the indirect cost rates approved by the grantor agencies.
Included in the Child Nutrition Cluster is $90,264 of non-cash awards in the form of commodities provided
by the United States Department of Agriculture.
Title: Relationship to Federal Financial Reports
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting,
which is described in Note 1 to the School Board's financial statements. Nonmonetary assistance is reported
in the schedule at fair value of the goods received.
De Minimis Rate Used: N
Rate Explanation: The School Board used the indirect cost rates approved by the grantor agencies.
Amounts reported in the accompanying schedule agree with the amounts reported in the federal financial
reports except for changes made to reflect amounts in accordance with accounting principles generally
accepted in the United States of America.
Title: Indirect Cost Rate
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting,
which is described in Note 1 to the School Board's financial statements. Nonmonetary assistance is reported
in the schedule at fair value of the goods received.
De Minimis Rate Used: N
Rate Explanation: The School Board used the indirect cost rates approved by the grantor agencies.
Red River Parish School Board did not elect to use the 10% de minimis federal indirect cost rate for the year
ended June 30, 2024.
Title: Subrecipients
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting,
which is described in Note 1 to the School Board's financial statements. Nonmonetary assistance is reported
in the schedule at fair value of the goods received.
De Minimis Rate Used: N
Rate Explanation: The School Board used the indirect cost rates approved by the grantor agencies.
Red River Parish School Board did not provide federal funds to any sub-recipients during the year ended
June 30, 2024.
Title: Loans and Loan Guarantees
Accounting Policies: The Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting,
which is described in Note 1 to the School Board's financial statements. Nonmonetary assistance is reported
in the schedule at fair value of the goods received.
De Minimis Rate Used: N
Rate Explanation: The School Board used the indirect cost rates approved by the grantor agencies.
Red River Parish School Board did not expend federal awards related to loans or loan guarantees during the
year ended June 30, 2024.