Audit 350992

Accounting Policies: Note 1 – Basis of Presentation The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Sciotoville Community School (the School) under programs of the federal government for the year ended June 30, 2024. The information on this schedule is presented in accordance with the requirements of 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 presents only a selected portion of the operations of the School, it is not intended to and does not present the financial position, changes in net position, or cash flows of the School. Note 2 – Summary of Significant Accounting Policies Expenditures reported on the schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. Note 3 – Indirect Cost Rate The School has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. Note 4 – Child Nutrition Cluster The School commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this schedule, the School assumes it expends federal monies first. Note 5 – Food Donation Program The School reports commodities consumed on the schedule at the entitlement value. The School allocated donated food commodities to the respective program that benefitted from the use of those donated food commodities. Note 6 – Transfers Between Program Years Federal regulations require schools to obligate certain federal awards by June 30. However, with the Ohio Department of Education and Workforce's consent, schools can transfer unobligated amounts to the subsequent fiscal year's program. The School transferred the following amounts from 2024 to 2025 programs: Program Title AL Number Amount Transferred Title I Grants to Local Educational Agencies 84.010 $266,408 Supporting Effective Instruction State Grants 84.367 50,890 Student Support and Academic Enhancement Program 84.424 48,798 Special Education-Grants to States 84.027 76,050 Special Education-Preschool Grants 84.173 1,617 Total $443,763 De Minimis Rate Used: N Rate Explanation: n/a