Title: Commodities
Accounting Policies: (1) GeneralThe accompanying schedule of expenditures of federal awards (the schedule) includes thefederal award activity of the St. Landry Parish School Board under programs of the federalgovernment for the year ended June 30, 2022. The information in this schedule is presented inaccordance with the requirement of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the schedule presents only a selected portion of the operations of the St. LandryParish School Board, it is not intended to and does not present the financial position, changes in netposition, or cash flows of the St. Landry Parish School Board.(2) Summary of Significant Accounting PoliciesExpenditures reported on the schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.The St. Landry Parish School Board has not elected to use the 10 percent de minimis indirect cost rateas allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The commodities received, which are noncash revenues, are valued using pricing provided bythe United States Department of Agriculture.
Title: Relationship to Fund Financial Statements
Accounting Policies: (1) GeneralThe accompanying schedule of expenditures of federal awards (the schedule) includes thefederal award activity of the St. Landry Parish School Board under programs of the federalgovernment for the year ended June 30, 2022. The information in this schedule is presented inaccordance with the requirement of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the schedule presents only a selected portion of the operations of the St. LandryParish School Board, it is not intended to and does not present the financial position, changes in netposition, or cash flows of the St. Landry Parish School Board.(2) Summary of Significant Accounting PoliciesExpenditures reported on the schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.The St. Landry Parish School Board has not elected to use the 10 percent de minimis indirect cost rateas allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Federal financial assistance revenues are reported in the School Board's fund financialstatements as follows:From federal sources:General Fund $ 2,789,822Special Revenue Funds 47,025,591Total $ 49,815,413
Title: Relationship to Federal Financial Reports
Accounting Policies: (1) GeneralThe accompanying schedule of expenditures of federal awards (the schedule) includes thefederal award activity of the St. Landry Parish School Board under programs of the federalgovernment for the year ended June 30, 2022. The information in this schedule is presented inaccordance with the requirement of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the schedule presents only a selected portion of the operations of the St. LandryParish School Board, it is not intended to and does not present the financial position, changes in netposition, or cash flows of the St. Landry Parish School Board.(2) Summary of Significant Accounting PoliciesExpenditures reported on the schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.The St. Landry Parish School Board has not elected to use the 10 percent de minimis indirect cost rateas allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Amounts reported in the schedule agree with the amounts reported in the related federalfinancial reports except for the amounts in reports submitted as of a date subsequent to June 30, 2022,which will differ from the schedule by the amount of encumbrances as of June 30, 2022.
Title: Subrecipients
Accounting Policies: (1) GeneralThe accompanying schedule of expenditures of federal awards (the schedule) includes thefederal award activity of the St. Landry Parish School Board under programs of the federalgovernment for the year ended June 30, 2022. The information in this schedule is presented inaccordance with the requirement of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the schedule presents only a selected portion of the operations of the St. LandryParish School Board, it is not intended to and does not present the financial position, changes in netposition, or cash flows of the St. Landry Parish School Board.(2) Summary of Significant Accounting PoliciesExpenditures reported on the schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.The St. Landry Parish School Board has not elected to use the 10 percent de minimis indirect cost rateas allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The School Board provided no federal awards to subrecipients.