Title: Note 1 – Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by the Intermediate Unit, which is described in Note 1 to the Intermediate Unit’s accompanying financial statements, using the modified accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other governmental agencies. The information in this schedule was prepared on the accrual basis of accounting and is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the Intermediate Unit’s financial reporting system.
De Minimis Rate Used: Y
Rate Explanation: Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source for the data presented. The Intermediate Unit has elected to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance. Matching costs (the Intermediate Unit’s share of certain program costs) are included in the reported expenditures.
The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by the Intermediate Unit, which is described in Note 1 to the Intermediate Unit’s accompanying financial statements, using the modified accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other governmental agencies. The information in this schedule was prepared on the accrual basis of accounting and is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the Intermediate Unit’s financial reporting system.
Title: Note 2 – Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by the Intermediate Unit, which is described in Note 1 to the Intermediate Unit’s accompanying financial statements, using the modified accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other governmental agencies. The information in this schedule was prepared on the accrual basis of accounting and is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the Intermediate Unit’s financial reporting system.
De Minimis Rate Used: Y
Rate Explanation: Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source for the data presented. The Intermediate Unit has elected to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance. Matching costs (the Intermediate Unit’s share of certain program costs) are included in the reported expenditures.
Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source for the data presented. The Intermediate Unit has elected to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance. Matching costs (the Intermediate Unit’s share of certain program costs) are included in the reported expenditures.
Title: Note 3 – Source Codes
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by the Intermediate Unit, which is described in Note 1 to the Intermediate Unit’s accompanying financial statements, using the modified accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other governmental agencies. The information in this schedule was prepared on the accrual basis of accounting and is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the Intermediate Unit’s financial reporting system.
De Minimis Rate Used: Y
Rate Explanation: Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source for the data presented. The Intermediate Unit has elected to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance. Matching costs (the Intermediate Unit’s share of certain program costs) are included in the reported expenditures.
The accompanying schedule of expenditures of federal awards presents a column with the source code.
The sources are as follows:
Title: Note 4 – Restatement of Accrued Revenue
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by the Intermediate Unit, which is described in Note 1 to the Intermediate Unit’s accompanying financial statements, using the modified accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other governmental agencies. The information in this schedule was prepared on the accrual basis of accounting and is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts
presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The amounts reported as federal expenditures were obtained from the federal financial reports for the applicable program and periods. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the Intermediate Unit’s financial reporting system.
De Minimis Rate Used: Y
Rate Explanation: Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source for the data presented. The Intermediate Unit has elected to use the 10 percent de minimus indirect cost rate as allowed under Uniform Guidance. Matching costs (the Intermediate Unit’s share of certain program costs) are included in the reported expenditures.
The total accrued revenue at June 30, 2023 was restated to include $13,565 of receivables accrued in the governmental funds for the Medical Assistance Program (AL# 93.778). The total accrued revenue at June 30, 2023 was $3,095,170, as previously reported. The restated accrued revenue at July 1, 2023 was $3,108,735.