Title: Basis of Presentation
Accounting Policies: The Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Organization's federal awards and does not present transactions that would be included in financial statements of the Organization presented on the accrual basis of accounting, as contemplated by accounting principles generally accepted in the United States of America. Expenditures on this schedule reconcile with amounts reported in the financial statements and the financial reports submitted to the Michigan Department of Education. The amounts reported on the R7120, Grant Section Auditors' Report, reconcile with this schedule. The amounts reported on the Recipient Entitlement Balance Report, or PAL Report, agree with this schedule for USDA donated food commodities and are reported in the Cash Receipts column. Expenditures include spoilage or pilferage.
De Minimis Rate Used: N
Rate Explanation: Alcona Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Alcona Community Schools under programs of the federal government for the year ended June 30, 2022. 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 presents only a selected portion of the operations of Alcona Community Schools, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Alcona Community Schools.
Title: Reconciliation to the Michigan Department of Education NexSys (GAR)
Accounting Policies: The Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Organization's federal awards and does not present transactions that would be included in financial statements of the Organization presented on the accrual basis of accounting, as contemplated by accounting principles generally accepted in the United States of America. Expenditures on this schedule reconcile with amounts reported in the financial statements and the financial reports submitted to the Michigan Department of Education. The amounts reported on the R7120, Grant Section Auditors' Report, reconcile with this schedule. The amounts reported on the Recipient Entitlement Balance Report, or PAL Report, agree with this schedule for USDA donated food commodities and are reported in the Cash Receipts column. Expenditures include spoilage or pilferage.
De Minimis Rate Used: N
Rate Explanation: Alcona Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
District total current payments per MDE Nexsys GAR $2,469,104 Addition of receipts not passed through the Michigan Department of Education and not included in the NexSys System:55030 Entitlement Commodities 33,278 Schools and Roads Grant Funds - 2022 35,778 Perkins Grant 2021-2022 10,000 Medicaid Outreach Claims 2021-2022 2,860 Less payments out of NexSys prior to year end, but not received by the District until after June 30, 2022:COVID-19 - Benchmark Assessments 211222 2022 (5,500)COVID 10 - ESSER III 213713 2122 (147,773) $2,397,747
Title: Reconciliation to Financial Statements
Accounting Policies: The Schedule of Expenditures of Federal Awards is a summary of the cash activity of the Organization's federal awards and does not present transactions that would be included in financial statements of the Organization presented on the accrual basis of accounting, as contemplated by accounting principles generally accepted in the United States of America. Expenditures on this schedule reconcile with amounts reported in the financial statements and the financial reports submitted to the Michigan Department of Education. The amounts reported on the R7120, Grant Section Auditors' Report, reconcile with this schedule. The amounts reported on the Recipient Entitlement Balance Report, or PAL Report, agree with this schedule for USDA donated food commodities and are reported in the Cash Receipts column. Expenditures include spoilage or pilferage.
De Minimis Rate Used: N
Rate Explanation: Alcona Community Schools did not elect to use a flat de minimis rate of 10% of modified total direct costs for their indirect cost rate.
General Fund $2,812,041 Special Revenue Fund:Lunch Fund 549,760 $3,361,801