Notes to SEFA
Title: Food Distribution Program
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Livingston Parish School Board 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed. At June 30, 2022, the Livingston Parish School Board had food commodities totaling $102,681 in inventory.
Title: Disaster Grants - Public Assistance (Presidentially Declared Disaster) Assi
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Livingston Parish School Board 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Non-Federal entities must record expenditures on the Schedule of Federal Awards (SEFA) when: (1) Federal Emergency Management Agency (FEMA) has approved the non-Federal entitys project worksheet (PW) and (2) the non-Federal entity has incurred the eligible expenditures. Reconciliation of Federal Expenditures: Federal Assistance expended as reported on the Schedule of Expenditures of Federal Awards $81,232,646; Add: Revenue received in current year on prior year federal expenditures $24,666,681; Less: Expenditures incurred in current year but not reimbursed by awarding agency as of June 30, 2022 (9,252,838); Equals Total Federal Grant Revenues $96,646,489. Revenues from Federal Sources as report on: Statement E - All Governmental Fund Types - Statement of Revenues, Expenditures and Changes in Fund Balance $96,646,489