Title: NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED 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 (UNIFOR GUIDANCE). THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM THE AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF THE BASIC FINANCIAL STATEMENTS. THE DISTRICT HAS ELECTED NO TO USE THE 10% DE MINIMUS INDIRECTED COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT HAS ELECTED NO TO USE THE 10% DE MINIMUS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED 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 (UNIFOR GUIDANCE). THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM THE AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF THE BASIC FINANCIAL STATEMENTS. THE DISTRICT HAS ELECTED NO TO USE THE 10% DE MINIMUS INDIRECTED COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
Title: NOTE 2 - VALUE OF USDA DONATED COMMODITIES LEGEND
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED 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 (UNIFOR GUIDANCE). THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM THE AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF THE BASIC FINANCIAL STATEMENTS. THE DISTRICT HAS ELECTED NO TO USE THE 10% DE MINIMUS INDIRECTED COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT HAS ELECTED NO TO USE THE 10% DE MINIMUS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
A) TOTAL COMMODITIES RECEIVED FROM THE PENNSYLVANIA DEPARTMENT OF AGRICULTURE VALUED AT FAIR MARKET VALUE. B) BEGINNING INVENTORY AT JULY 1, 2023 C) TOTAL AMOUNT OF COMMODITIES USED. D) ENDING INVENTORY AT JUNE 30, 2024.
Title: NOTE 3 - ACCESS PROGRAM
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED 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 (UNIFOR GUIDANCE). THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM THE AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF THE BASIC FINANCIAL STATEMENTS. THE DISTRICT HAS ELECTED NO TO USE THE 10% DE MINIMUS INDIRECTED COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT HAS ELECTED NO TO USE THE 10% DE MINIMUS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
THE ACCESS PROGRAM IS A MEDICAL ASSISTANCE PROGRAM THAT REIMBURSES LOCAL EDUCATIONAL AGENCIES FOR DIRECT, ELIGIBLE HEALTH - RELATED SERVICES PROVIDED TO ENROLL SPECIAL NEEDS STUDENTS. REIMBURSEMENTS ARE FEDERAL MONEY BUT ARE CLASSIFIED AS FEE-FOR-SERVICE REVENUS AND ARE NOT CONSIDERED FEDERAL FINANCIAL ASSISTANCE. BECAUSE ONLY FEDERAL FINANCIAL ASSISTANCE IS INCLUDED ON THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS, ACCESS REIMBURSEMENTS ARE NOT INCLUDED ON THE SCHEDULE.
Title: NOTE 4 - RECONCILIATION OF ACCRUED OR (UNEARNED) REVENUE
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED 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 (UNIFOR GUIDANCE). THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM THE AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF THE BASIC FINANCIAL STATEMENTS. THE DISTRICT HAS ELECTED NO TO USE THE 10% DE MINIMUS INDIRECTED COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT HAS ELECTED NO TO USE THE 10% DE MINIMUS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
ACCRUED OR (UNEARNED) REVENUE AT JUNE 30, 2023: $(139,316) ADD: FUNDS REFUNDED FOR SPECIAL EDUCATION CLUSTER $921 - ACCRUED OR (UNEARNED) REVENUE AT JULY 1, 2024: $(138,395).
Title: NOTE 5 - SELECTION FOR FEDERAL PROGRAMS
Accounting Policies: THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS IS PREPARED 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 (UNIFOR GUIDANCE). THEREFORE, SOME AMOUNTS PRESENTED IN THIS SCHEDULE MAY DIFFER FROM THE AMOUNTS PRESENTED IN, OR USED IN THE PREPARATION OF THE BASIC FINANCIAL STATEMENTS. THE DISTRICT HAS ELECTED NO TO USE THE 10% DE MINIMUS INDIRECTED COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
De Minimis Rate Used: N
Rate Explanation: THE DISTRICT HAS ELECTED NO TO USE THE 10% DE MINIMUS INDIRECT COST RATE AS ALLOWED UNDER THE UNIFORM GUIDANCE.
TEST OF 20% RULE (LOW RISK ENTITY): *PROGRAMS SELECTED FOR TESTING. EDUCATION STABILIZATION FUND: $3,578,689 CHILD NUTRITION CLUSTER $1,097,680. TOTAL SELECTED PROGRAMS $4,676,369. = 80.25% TOTAL EXPENDITURES OF FEDERAL AWARDS $5,827,380.