Audit 350304

Title: BASIS OF ACCOUNTING Accounting Policies: This Schedule is prepared on the same basis of accounting as the South Bend School District’s financial statements. The South Bend School District uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources. De Minimis Rate Used: N Rate Explanation: The South Bend School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The South Bend School District used the federal unrestricted rate of 14.65%. This Schedule is prepared on the same basis of accounting as the South Bend School District’s financial statements. The South Bend School District uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources.

Title: FEDERAL DE MINIMUS INDIRECT RATE Accounting Policies: This Schedule is prepared on the same basis of accounting as the South Bend School District’s financial statements. The South Bend School District uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources. De Minimis Rate Used: N Rate Explanation: The South Bend School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The South Bend School District used the federal unrestricted rate of 14.65%. The South Bend School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The South Bend School District used the federal unrestricted rate of 14.65%.

Title: FEDERAL DE MINIMUS INDIRECT RATE Accounting Policies: This Schedule is prepared on the same basis of accounting as the South Bend School District’s financial statements. The South Bend School District uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources. De Minimis Rate Used: N Rate Explanation: The South Bend School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The South Bend School District used the federal unrestricted rate of 14.65%. The South Bend School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The South Bend School District used the federal restricted rate of 4.10%.

Title: Program Costs/Matching Contributions Accounting Policies: This Schedule is prepared on the same basis of accounting as the South Bend School District’s financial statements. The South Bend School District uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources. De Minimis Rate Used: N Rate Explanation: The South Bend School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The South Bend School District used the federal unrestricted rate of 14.65%. The amounts shown as current year expenses represent only the federal award portion of the program costs. Entire program costs, including the South Bend School District’s local matching share, may be more than shown. Such expenditures are recognized following, the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.

Title: NONCASH AWARDS Accounting Policies: This Schedule is prepared on the same basis of accounting as the South Bend School District’s financial statements. The South Bend School District uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources. De Minimis Rate Used: N Rate Explanation: The South Bend School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The South Bend School District used the federal unrestricted rate of 14.65%. The amount of commodities reported on the schedule is the value of commodities distributed by the South Bend School District during the current year and priced as prescribed by USDA and State of Washington Office of Financial Management.

Title: SCHOOLWIDE PROGRAMS Accounting Policies: This Schedule is prepared on the same basis of accounting as the South Bend School District’s financial statements. The South Bend School District uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources. De Minimis Rate Used: N Rate Explanation: The South Bend School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The South Bend School District used the federal unrestricted rate of 14.65%. The South Bend School District operates a “schoolwide program” in one elementary building and one secondary building. Using federal funding, schoolwide programs are designed to upgrade an entire educational program within a school for all students, rather than limit services to certain targeted students. The following federal program amounts were expended by the South Bend School District in its schoolwide program: Title I, 84.010A, $173,017.00.

Title: SMALL RURAL SCHOOLS ACHIEVEMENT (srsa) Accounting Policies: This Schedule is prepared on the same basis of accounting as the South Bend School District’s financial statements. The South Bend School District uses the cash basis of accounting. Expenditures represent only the federally funded portions of the program. District records should be consulted to determine amounts expended or matched from nonfederal sources. De Minimis Rate Used: N Rate Explanation: The South Bend School District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The South Bend School District used the federal unrestricted rate of 14.65%. As allowed by federal regulations, the South Bend School District expended $36,242.49 from its Small Rural Schools Achievement (SRSA) Alternative Uses of Funds Program 84.358A for activities of the Student Support and Academic Achievement Enrichment Program 84.424. This amount is reflected in the expenditures of 84.358A.