Notes to SEFA
The Department of Education is the current year’s oversight agency for the single audit as determined by the agency providing the largest share of the School District’s federal financial assistance.
The final cost reports are not due until 60 days after the end of the grant period. The reports for the current year were not completed as of the date of our report. However, we reviewed the reports filed for the prior year grants and noted that they agreed with either the prior year audited figures or the prior year and current audit figures combined.
The amounts reported as current payments on the R7120, Grant Section Auditors Report, reconcile with the Schedule of Federal Awards as follows: Current Payments per Grant Auditor Report: $1,502,409 Plus: Payments not on Grant Auditor Report: Passed through MARESA $179,959 Indian Education 56,251 Food distribution commodities 122,492 358,702 Less: Accrued revenue at the beginning of the year: MARESA (98,389) Michigan Department of Education (764,989) Indian Education - (863,378) Plus: Accrued (deferred) revenue at the end of the year: MARESA 16,417 Michigan Department of Education 426,991 Indian Education - 443,408 Rounding - PER THE SCHEDULE OF FEDERAL EXPENDITURES $1,441,141 A reconciliation of expenditures on the Schedule of Federal Awards to federal revenue recognized is as follows: Total Federal Revenue Sources reported in the financial statements: General Fund $580,914 School Lunch Fund 860,227 Rounding - TOTAL FEDERAL AWARD EXPENDITURES REPORTED IN THE SCHEDULE OF FEDERAL AWARDS $1,441,141