Audit 44808

Accounting Policies: Note 1. GeneralThe accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of the St. John the Baptist Parish School Board (the School Board). The School Board reporting entity is defined in Note 1 to the basic financial statements for the year ended June 30, 2022. All federal financial assistance received directly from federal agencies is included on the schedule, as well as federal financial assistance passed through other government agencies. The commodities received, which are non-cash revenues, are valued using prices provided by the United States Department of Agriculture. The School Board has elected not to use the 10% de minimus indirect rate allowed under the Uniform Guidance.Note 2. Summary of Significant Accounting PoliciesThe accompanying schedule of expenditures of federal awards is presented using the modified accrual basis of accounting, which is described in Note 1 of the notes to the basic financial statements of the School Board's Annual Financial Report. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.Note 3. Accrued ReimbursementVarious reimbursement procedures are used for federal awards received by the School Board. Consequently, timing differences between expenditures and program reimbursements may exist at the end of the year, resulting in differences between the expenditures reported on the schedule of expenditures of federal awards and the amount of revenues reported under federal sources on the statement of revenues, expenditures, and changes in fund balances.Note 4. LoansThe School Board did not expend federal awards related to loans or loan guarantees during the year.Note 5. Federally Funded InsuranceThe School Board has no federally funded insurance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.