Notes to SEFA
Title: Note 3 - Relationship to the Financial Statements
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes all Federal grant activity of the Caldwell Parish School Board (the School Board) for the year ended June 30, 2022. The information is presented in accordance with the requirements of Title 22 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because of the Schedule presents only a selected portion of the operations of the School Board, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the School Board. Expenditures reported on the Schedule are reported on the 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal revenues are reported in the School Boards financial statements as follows: Federal Programs-AmountEducation Stabilization Fund-$2,479,573Nonmajor FundsSchool Food Service-$1,178,091Head Start-$991,935Title I-$765,368Special Education-$466,952TANF-JAG-$100,751Title II-$87,829Other Miscellaneous-$247,940Total Nonmajor Funds-$3,848,792Total Governmental Funds and Revenues-$ 6,328,365
Title: Note 4 - Noncash Program
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes all Federal grant activity of the Caldwell Parish School Board (the School Board) for the year ended June 30, 2022. The information is presented in accordance with the requirements of Title 22 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because of the Schedule presents only a selected portion of the operations of the School Board, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the School Board. Expenditures reported on the Schedule are reported on the 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Included in the Child Nutrition Cluster National School Lunch Program, CFDA 10.555,is $91,154 of non-cash awards in the form of commodities provided by the United StatesDepartment of Agriculture. The commodities received, which are noncash revenues, arevalued using prices provided by the Louisiana Department of Agriculture and Forestry.