Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented on the budgetary basis ofaccounting for all federal awards charged to governmental funds and on the accrual basis of accountingfor all federal awards charged to proprietary funds, as contemplated by generally accepted accountingprinciples.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federalaward activity of Pleasant Valley School District under programs of the federal government for the yearended June 30, 2022. The information in this Schedule is presented in accordance with the requirementsof the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedulepresents only a selected portion of the operations of Pleasant Valley School District, it is not intended toand does not present the financial position, changes in net assets, or cash flows of Pleasant Valley SchoolDistrict.
Title: Organization and Scope
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented on the budgetary basis ofaccounting for all federal awards charged to governmental funds and on the accrual basis of accountingfor all federal awards charged to proprietary funds, as contemplated by generally accepted accountingprinciples.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District recognized 3.0% of its total general fund revenue in federal awards, and 83.2% of its totalenterprise fund revenue.
Title: Program Disclosure Footnotes
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards is presented on the budgetary basis ofaccounting for all federal awards charged to governmental funds and on the accrual basis of accountingfor all federal awards charged to proprietary funds, as contemplated by generally accepted accountingprinciples.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
1. The federal awards passed through the Colonial I.U., under the U.S. Department ofEducation heading, are part of a consortium of participating school districts. In accordancewith directions from the Commonwealth of Pennsylvania, these awards are reported on thebasic financial statements as local source revenue. 2. The Federal Grants were passed through the following entities in the totals below: "See the Notes to the SEFA for chart/table" 3. The District received non-monetary assistance from the U.S. Department of Agriculture of$125,836, in the form of commodities. These commodities are valued at U.S.D.A.sapproximate costs. During the 2021-22 fiscal year, the District used $127,438 incommodities and established a year-end inventory of $8,598 at June 30, 2022. 4. The amount recognized as revenue in the Schedule of Expenditures of Federal Awards,under the U.S. Department of Agriculture heading, represents the commodities used, versusthe commodities received, which are recognized as revenue in the basic financialstatements. 5. The Medical Access grant passed though the PA Department of Education is reflected asfederal source revenue on the basic financial statements; however, pursuant to instructionsfrom the Commonwealth of PA, it is not reported as revenue on the Schedule ofExpenditures of Federal Awards. "See the Notes to the SEFA for chart/table"