Audit 357540

Title: NOTE 1 - BASIS OF ACCOUNTING Accounting Policies: This Schedule is prepared on the same basis of accounting as the Coupeville School District's financial statements. The Coupeville School District uses the modified accrual 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 non- federal sources. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Coupeville School District used the federal restricted rate of 5.65%, except the COVID 19 ARP Elementary and Secondary School Emergency Relief Fund (ESSER III Learning Loss and ESSER III 80%) (84.25D) and the ARP Hmless Ch/Yth II (84.25D) grants which used the FY 2023-2024 federal unrestricted rate of 19.92%. This Schedule is prepared on the same basis of accounting as the Coupeville School District's financial statements. The Coupeville School District uses the modified accrual 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 non- federal sources.

Title: NOTE 2 - FEDERAL DE MINIMIS INDIRECT RATE Accounting Policies: This Schedule is prepared on the same basis of accounting as the Coupeville School District's financial statements. The Coupeville School District uses the modified accrual 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 non- federal sources. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Coupeville School District used the federal restricted rate of 5.65%, except the COVID 19 ARP Elementary and Secondary School Emergency Relief Fund (ESSER III Learning Loss and ESSER III 80%) (84.25D) and the ARP Hmless Ch/Yth II (84.25D) grants which used the FY 2023-2024 federal unrestricted rate of 19.92%. The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.

Title: NOTE 3 - FEDERAL INDIRECT RATE Accounting Policies: This Schedule is prepared on the same basis of accounting as the Coupeville School District's financial statements. The Coupeville School District uses the modified accrual 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 non- federal sources. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Coupeville School District used the federal restricted rate of 5.65%, except the COVID 19 ARP Elementary and Secondary School Emergency Relief Fund (ESSER III Learning Loss and ESSER III 80%) (84.25D) and the ARP Hmless Ch/Yth II (84.25D) grants which used the FY 2023-2024 federal unrestricted rate of 19.92%. The Coupeville School District used the federal restricted rate of 5.65%, except the COVID 19 ARP Elementary and Secondary School Emergency Relief Fund (ESSER III Learning Loss and ESSER III 80%) (84.25U), HB 1238 Meals for WA Students (84.425R), and the ARP Hmless Ch/Yth II (84.25W) grants which used the FY 2023-2024 federal unrestricted rate of 19.92%.

Title: NOTE 4 - NONCASH AWARDS Accounting Policies: This Schedule is prepared on the same basis of accounting as the Coupeville School District's financial statements. The Coupeville School District uses the modified accrual 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 non- federal sources. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Coupeville School District used the federal restricted rate of 5.65%, except the COVID 19 ARP Elementary and Secondary School Emergency Relief Fund (ESSER III Learning Loss and ESSER III 80%) (84.25D) and the ARP Hmless Ch/Yth II (84.25D) grants which used the FY 2023-2024 federal unrestricted rate of 19.92%. The amount of food commodities reported on the schedule is the value of food commodities distributed by the Coupeville School District during the current year and priced as prescribed by the USDA2

Title: NOTE 5 - PROGRAM COSTS/MATCHING CONTRIBUTIONS Accounting Policies: This Schedule is prepared on the same basis of accounting as the Coupeville School District's financial statements. The Coupeville School District uses the modified accrual 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 non- federal sources. De Minimis Rate Used: N Rate Explanation: The District has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The Coupeville School District used the federal restricted rate of 5.65%, except the COVID 19 ARP Elementary and Secondary School Emergency Relief Fund (ESSER III Learning Loss and ESSER III 80%) (84.25D) and the ARP Hmless Ch/Yth II (84.25D) grants which used the FY 2023-2024 federal unrestricted rate of 19.92%. The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including the Coupeville School District's local matching share, may be more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the 0MB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or 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.