Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reporting on the modified accrual basis of accounting. 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. Negative amounts (if any) shown
on the schedule represent adjustments or credits made in the normal course of business to amounts reported as
expenditures in prior years. Pass-through identifying numbers are present where available.
De Minimis Rate Used: N
Rate Explanation: Woodhaven-
Brownstown School District has elected to not use the 10-percent de minimis indirect cost rate allowed under
the Uniform Guidance. The District does not pass through federal funds.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award
activity of Woodhaven-Brownstown School District under programs of the federal government for the year
ended June 30, 2024. 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). Because the Schedule presents only a selected portion of
the operations of Woodhaven-Brownstown School District, it is not intended to and does not present the
financial position or changes in net position of Woodhaven-Brownstown School District.
The District qualifies for low-risk auditee status. Management has utilized the NexSys Cash Management System
and the Grant Auditor Report in preparing the Schedule of Expenditures of Federal Awards.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reporting on the modified accrual basis of accounting. 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. Negative amounts (if any) shown
on the schedule represent adjustments or credits made in the normal course of business to amounts reported as
expenditures in prior years. Pass-through identifying numbers are present where available.
De Minimis Rate Used: N
Rate Explanation: Woodhaven-
Brownstown School District has elected to not use the 10-percent de minimis indirect cost rate allowed under
the Uniform Guidance. The District does not pass through federal funds.
Expenditures reported on the Schedule are reporting on the modified accrual basis of accounting. 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. Negative amounts (if any) shown
on the schedule represent adjustments or credits made in the normal course of business to amounts reported as
expenditures in prior years. Pass-through identifying numbers are present where available. Woodhaven-
Brownstown School District has elected to not use the 10-percent de minimis indirect cost rate allowed under
the Uniform Guidance. The District does not pass through federal funds.
Title: RECONCILIATION WITH AUDITED FINANCIAL STATEMENTS
Accounting Policies: Expenditures reported on the Schedule are reporting on the modified accrual basis of accounting. 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. Negative amounts (if any) shown
on the schedule represent adjustments or credits made in the normal course of business to amounts reported as
expenditures in prior years. Pass-through identifying numbers are present where available.
De Minimis Rate Used: N
Rate Explanation: Woodhaven-
Brownstown School District has elected to not use the 10-percent de minimis indirect cost rate allowed under
the Uniform Guidance. The District does not pass through federal funds.
Federal expenditures are reported as revenue in the following funds in the financial statements:
General Fund $ 5,959,323
Other nonmajor governmental funds 2,290,771
Expenditures per schedule of expenditures of federal awards $ 8,250,094