Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Menominee Area Public Schools under the programs of the federal government for the year ended June 30, 2025. The information in 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 of expenditures of federal awards presents only a selected portion of the operations of Menominee Area Public Schools, it is not intended to and does not present the financial position, changes in net position or cash flows of the Menominee Area Public Schools.
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Menominee Area Public Schools has not elected to use the 10 percent de minims indirect cost rate as allowable under the Uniform Guidance.
The amounts reported on the Cash Management System (CMS), Grant Section Auditors Report (GAR), agree with the schedule of expenditures of federal awards.
Expenditures identified in the schedule of expenditures of federal awards are supported by source documentation and are in agreement with financial reports submitted to the Michigan Department of Education, except for those grants where the grant period differs from the District’s fiscal year.
The District’s federal agency oversight agency is the U.S. Department of Education. The District’s state cognizant agency is the Michigan Department of Education.