Title: Note 2
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The Intermediate Unit has elected not to use the de minimis indirect cost rate provided by the Uniform Guidance.
An estensive compliance test, as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) was performed on the Special Education Cluster; WIOA Cluster; and the Title I State Agency Program for Neglected and Delinquent Children and Youth Programs, which represents 61% of the total expenditures reflected on the Scheudle of Expenditures of Federal Awards. The Special Education Cluster; WIOA Cluster; and Title I State Agency Program for Neglected and Delinquent Children and Youth Programs exceeds $4,091,174, and, therefore, represent the only programs to which the specific compliance requirements must be applied.
Title: Medical Assistance Reimbursements
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The Intermediate Unit has elected not to use the de minimis indirect cost rate provided by the Uniform Guidance.
The Intermediate Unit had $97,609 deferred revenue for the ACCESS program as of June 30, 2023. During the current year, the Intermediate Unit received $229,714 for the ACCESS program. The ACCESS program is the medical assistance (MA) program that reimburses school entities for direct, eligible health-related services provided to MA enrolled, special needs children. These reimbursements are classified as federal money in the Intermediate Unit's account code structure; however, these funds are not restricted in use like other federal monies. ACCESS reimbursements are classified as fee-for-service revenues, and are not considered federal financial assistance; which results in ACCESS funds not being reported on the Intermediate Unit's Schedule of Expenditures of Federal Awards. Expenditures totaling $144,214 were recognized in the current year. As a result, as of June 30, 2024, the Intermediate Unit had $183,109 of deferred revenue for the ACCESS program.
Title: Emergency Assistance to Nonpublic School (EANS) Program
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The Intermediate Unit has elected not to use the de minimis indirect cost rate provided by the Uniform Guidance.
The Intermediate Unit was instructed not to include EANS funding on the Schedule of Expenditures of Federal Awards. These reimbursements are classified as federal money in the Intermediate Unit's account code structure. As of June 30, 2023, a receivable of $274,240 was recognized on the Schedule of Expenditures of Federal Awards, which was removed on the current year's Schedule fo Expenditures of Federal Awards. Expenditures totaling $786,279 were recognized in the current year and the Intermediate Unit received $1,296,351. As a result, as of June 30, 2024, the Intermediate Unit had deferred revenue of $235,832 for the EANS funds.
Title: Changes in Beginning Balances
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The Intermediate Unit has elected not to use the de minimis indirect cost rate provided by the Uniform Guidance.
Federal Assistance Listing Number (ALN) 84.010 beginning accrued revenue was increased by $35,967 and ALN 10.558 beginning accrued revenue was increased by $4,569 from the prior year's Schedule of Expenditures of Federal Awards.