Title: Note 2
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use 10% de minimis indirect cost rate.
Extensive compliance tests, as required by the Uniform Guidance, was performed on the Special Education Cluster and Education Stabilization Fund, which represent 44.27% of the total expenditures reflected on the Schedule of Expenditures of Federal Awards. 20% test for a low-risk auditee was satisfied as follows: Child Nutrition Cluster: School Breakfast Program 10.553 $225,195; National School Lunch Program 10.555 $821,581; Summer Food Service Program for Children 10.559 $48,355; Education Stabilization Fund 84.425D/U $1,041,354; Title I Grants to LEAs 84.010 $540,892; Special Education Cluster: Special Education-Grants to States 84.027 $353,617; Special Education - Preschool Grants 84.173 $2,575; Improving Teacher Quality State Grants 84.367 $61,128; Student Support and Academic Enrichment 84.424 $31,715; Rural Education 84.358 $27,451; State Pandemic Electronic Benefit Transfer Administrative Cost Grants 10.649 $3,063. Total Expenditures $3,156,926 X 20%=635,385-Minimum Amount Which Must Be Tested. The Special Education Cluster and Education Stabilization Fund programs exceeded $631,385, and, therefore, represent the programs which the specific compliance requirements must be applied.
Title: Note 3
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use 10% de minimis indirect cost rate.
The commodities are valued at market value, which represent the cost to replace these commodities.
Title: Note 5
Accounting Policies: The Schedule of Expenditures of Federal Awards has been prepared on the accrual basis of accounting. Revenues were adjusted to balance the expenditures incurred for each project.
De Minimis Rate Used: N
Rate Explanation: The School District has elected not to use 10% de minimis indirect cost rate.
Medical Assistance Reimbursements-The School District had a $40,443 receivable for the ACCESS program as of June 30, 2021. During the current year, the School District received $0 for the ACCESS program. The ACCESS program is the medical assistance (MA) program that reimburses school entities for direct, eligible health-related services provided to MA enrolled, special needs children. These reimbursements are classified as federal money in the School District's account code structure; however, these funds are not restricted in use like other federal monies. ACCESS reimbursements are classified as fee-for-service revenues, and are not considered federal financial assistance, which results in ACCESS funds not being reported on the School District's Schedule of Expenditures of Federal Awards. Expenditures totaling $112,012 were recognized in the current year. As a result, as of June 30, 2022, the School District had a $152,455 receivable for the ACCESS program.