Title: BASIS OF PRESENTATION
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Newton
County School District (the “School District”) and is presented on the accrual basis of accounting.
The information in this schedule 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.
De Minimis Rate Used: N
Rate Explanation: The School District elected not to use the 10% de minimis cost rate for the year ended June 30, 2024.
The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Newton
County School District (the “School District”) and is presented on the accrual basis of accounting.
The information in this schedule 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.
Title: DONATED COMMODITIES
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Newton
County School District (the “School District”) and is presented on the accrual basis of accounting.
The information in this schedule 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.
De Minimis Rate Used: N
Rate Explanation: The School District elected not to use the 10% de minimis cost rate for the year ended June 30, 2024.
The Child Nutrition Cluster includes $802,726 of non-cash expenditures in the form of donated food
commodities.
Title: DE MINIMIS COST RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Newton
County School District (the “School District”) and is presented on the accrual basis of accounting.
The information in this schedule 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.
De Minimis Rate Used: N
Rate Explanation: The School District elected not to use the 10% de minimis cost rate for the year ended June 30, 2024.
The School District elected not to use the 10% de minimis cost rate for the year ended June 30, 2024.
Title: SUBRECIPIENTS
Accounting Policies: The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Newton
County School District (the “School District”) and is presented on the accrual basis of accounting.
The information in this schedule 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.
De Minimis Rate Used: N
Rate Explanation: The School District elected not to use the 10% de minimis cost rate for the year ended June 30, 2024.
The School District did not pass through any funds to subrecipients for the year ended June 30, 2024.