Audit 342355

FY End
2024-06-30
Total Expended
$2.18M
Findings
0
Programs
10
Organization: Southern Local School District (OH)
Year: 2024 Accepted: 2025-02-13

Organization Exclusion Status:

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Findings

No findings recorded

Contacts

Name Title Type
FM7CPUC1Q278 Brook Champ Auditee
7407210520 Timothy W Loper Auditor
No contacts on file

Notes to SEFA

Title: Child Nutrition Cluster Accounting Policies: Expenditures reported on the schedule are reported on the cash basis of accounting. De Minimis Rate Used: N Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate. The District commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this schedule, the School District assumes it expends federal monies first.
Title: Food Donation Program Accounting Policies: Expenditures reported on the schedule are reported on the cash basis of accounting. De Minimis Rate Used: N Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate. The School District reports commodities consumed on the schedule at the entitlement value. The School District allocated donated food commodities to the respective program that benefitted from the use of those donated food commodities.
Title: Subrecipients Accounting Policies: Expenditures reported on the schedule are reported on the cash basis of accounting. De Minimis Rate Used: N Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate. The district passes certain federal awards received from the U.S. Department of Education to other governments or not-for-profit agencies (subrecipients). As Note B descrives, the district reports expenditures of federal awards to subrecipients when paid in cash. As a subrecipient the district has certain compliance responsibilities, such as monitoring its subrecipients to help assure they use these subawards as authorized by laws, regulations, and the provisions of contracts or grant agreements, and that subrecipients achieve the award's performance goals.