Title: NOTE 3 - RELATIONSHIP TO FINANCIAL STATEMENTS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of \
Expenditures of Federal Awards includes the federal award activity of Union
Parish School Board under programs of the federal government for the year
ended June 30, 2024. The Union Parish School Board (the School Board)
reporting entity is defined in Note 1 to the School Board's basic financial
statements. 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). Federal awards received directly from
federal agencies, as well as federal awards passed through other government
agencies are included on the schedule. 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 and changes in net assets of the
Union Parish 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 to the
School Board's basic financial statements. 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 not elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
NOTE 3 - RELATIONSHIP TO FINANCIAL STATEMENTS Federal
awards revenues are reported in the School Board's basic financial
statements as follows:
Federal Sources
Major:
ESSA Programs $ 2,387,879
Education Stabilization 4,431,095
21st Century 1,494,980
Nonmajor Special Revenue:
School Food Service 1,428,771
Special Education 616,677
Early Childhood Development 275,595
Miscellaneous Funds 130,984
Total $ 10,765,981
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 Union
Parish School Board under programs of the federal government for the year
ended June 30, 2024. The Union Parish School Board (the School Board)
reporting entity is defined in Note 1 to the School Board's basic financial
statements. 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). Federal awards received directly from
federal agencies, as well as federal awards passed through other government
agencies are included on the schedule. 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 and changes in net assets of the
Union Parish 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 to the
School Board's basic financial statements. 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 not elected 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 - NONCASH PROGRAMS
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of \
Expenditures of Federal Awards includes the federal award activity of Union
Parish School Board under programs of the federal government for the year
ended June 30, 2024. The Union Parish School Board (the School Board)
reporting entity is defined in Note 1 to the School Board's basic financial
statements. 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). Federal awards received directly from
federal agencies, as well as federal awards passed through other government
agencies are included on the schedule. 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 and changes in net assets of the
Union Parish 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 to the
School Board's basic financial statements. 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 not elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
NOTE 5 - NONCASH PROGRAMS The commodities received, which
are noncash revenues, are valued using prices provided by the
United States Department of Agriculture.
Title: NOTE 6 - INDIRECT COST RATE
Accounting Policies: NOTE 1 - BASIS OF PRESENTATION The accompanying Schedule of \
Expenditures of Federal Awards includes the federal award activity of Union
Parish School Board under programs of the federal government for the year
ended June 30, 2024. The Union Parish School Board (the School Board)
reporting entity is defined in Note 1 to the School Board's basic financial
statements. 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). Federal awards received directly from
federal agencies, as well as federal awards passed through other government
agencies are included on the schedule. 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 and changes in net assets of the
Union Parish 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 to the
School Board's basic financial statements. 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 not elected to use the 10-percent de minimis indirect
cost rate allowed under the Uniform Guidance.
NOTE 6 - INDIRECT COST RATE The School Board has not elected to
use the 10-percent de minimis indirect cost rate allowed under the
Uniform Guidance.