Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedules are reported 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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of The School Board of Miami-Dade County, Florida (the “School Board”) under programs of the federal government for the year ended June 30, 2024. The information in the Schedules are presented in accordance with the requirements of the 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 present only a selected portion of the operations of the School Board, it is not intended to and does not present the financial position, changes in fund balance/net position or cash flows of the School Board.
Title: NONCASH ASSISTANCE - National School Lunch Program
Accounting Policies: Expenditures reported on the Schedules are reported 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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Includes $9,637,829 of donated food received during the fiscal year. Donated foods are valued at fair value as determined at the time of donation.
Title: NONCASH ASSISTANCE - Twenty-First Century Community Learning Centers
Accounting Policies: Expenditures reported on the Schedules are reported 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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of $4,441,818 represents Federal in-kind support received through Florida International University’s After-School All Start Program.
Title: NONCASH ASSISTANCE - Career Exploration
Accounting Policies: Expenditures reported on the Schedules are reported 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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of $114,105 represents Federal in-kind support received through Florida International University’s After-School All Stars Program.
Title: NONCASH ASSISTANCE - TRIO Upward Bound
Accounting Policies: Expenditures reported on the Schedules are reported 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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of $892,160 represents Federal in-kind support received through Miami Dade College.
Title: NONCASH ASSISTANCE - Economic Development Initiative, Community Project Funding, and Miscellaneous grants
Accounting Policies: Expenditures reported on the Schedules are reported 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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of $198,800 represents Federal in-kind support received through Boys & Girls Club Miami Dade, Inc.
Title: NONCASH ASSISTANCE - Gaining Early Awareness and Readiness for Undergraduate Programs
Accounting Policies: Expenditures reported on the Schedules are reported 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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of $1,185,600 represents Federal in-kind support received through Miami-Dade College.
Title: NONCASH ASSISTANCE - Congressional Directives
Accounting Policies: Expenditures reported on the Schedules are reported 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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of $42,235 represents a Federal in-kind support received through The Circle of Brotherhood.
Title: NONCASH ASSISTANCE - Emergency Connectivity Fund Program
Accounting Policies: Expenditures reported on the Schedules are reported 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 shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School Board has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amount of $1,237,045 is the value of broadband connectivity services rendered for the fiscal year.