Title: Basis of Presentation
Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When
applicable, 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. No federal financial
assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the ten percent de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity
of the District under programs of the federal government for the year ended June 30, 2023. The information 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 District, it is not intended to and
does not present the financial position, changes in net position or fund balance of the District.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When
applicable, 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. No federal financial
assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the ten percent de minimis cost rate.
Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When
applicable, 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. No federal financial
assistance has been provided to a subrecipient.
Title: Indirect Cost Rate
Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When
applicable, 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. No federal financial
assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the ten percent de minimis cost rate.
The District has not elected to use the ten percent de minimis cost rate.
Title: Food Donation
Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When
applicable, 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. No federal financial
assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the ten percent de minimis cost rate.
Nonmonetary assistance is reported in this schedule at the fair market value of the commodities received and
disbursed. At June 30, 2023, the District had no food commodities in inventory.
Title: SEFA Reconciliation
Accounting Policies: Expenditures reported in the schedule are reported on the modified accrual basis of accounting. When
applicable, 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. No federal financial
assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to use the ten percent de minimis cost rate.
The following schedule provides reconciliation between revenues reported on the Statement of Revenues,
Expenditures, and Changes in Fund Balances, and the related expenditures reported on the Schedule of
Expenditures of Federal Awards. The reconciling amounts consist primarily of COVID-19: Coronavirus Response
and Relief Supplemental Appropriations (CRRSA) Act - One-time Stipend funds that in the previous period were
recorded as revenues but were unspent. These unspent balances have been expended in the current period. In
addition, COVID-19: ARP California State Preschool Program - Rate Supplement funds have been recorded in the
current period as revenues that have not been expended as of June 30, 2023. These unspent balances are
reported as legally restricted ending balances within the Child Development Non-Major Governmental Fund.