Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance where 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.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the School District of the City of Saginaw under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the School District of the City of Saginaw, it is not intended to and does not present the financial position, changes in financial positions of the School District of the City of Saginaw.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance where 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.
No amounts were provided to subrecipients.
Title: Michigan Department of Education Disclosures
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance where 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.
The federal amounts reported on the grant auditor report are in agreement with the schedule of expenditures of federal awards. The amounts reported on the recipients entitlement balance report agree with the schedule of expenditures of federal awards for U.S.D.A. donated food commodities. The federal amounts reported on the Grant Auditor Report (GAR) Subrecipient Schedule are in agreement with the SEFA except for the following: AL #: 10.553, Project #: 221971, Cash Received per SEFA: $808,461, Plus Amount Disbursed in 21-22 per the GAR but received in 22-23 by the District: $167,908, Cash paid per June 30, 2022 Grant Auditor Report: $976,369, AL #: 10.555, Project #: 211961, Cash Received per SEFA: $1,773,981, Plus Amount Disbursed in 21-22 per the GAR but received in 22-23 by the District: $363,905, Cash paid per June 30, 2022 Grant Auditor Report: $2,137,886, AL #: 10.555, Project #: 221980, Cash Received per SEFA: 6,444, Plus Amount Disbursed in 21-22 per the GAR but received in 22-23 by the District: $839, Cash paid per June 30, 2022 Grant Auditor Report: $7,283, AL #: 10.558, Project #: 221920, Cash Received per SEFA: $37,103, Plus Amount Disbursed in 21-22 per the GAR but received in 22-23 by the District: $7,112, Cash paid per June 30, 2022 Grant Auditor Report: $44,215, AL #: 10.558, Project #: 222010, Cash Received per SEFA: $1,488, Plus Amount Disbursed in 21-22 per the GAR but received in 22-23 by the District: $321, Cash paid per June 30, 2022 Grant Auditor Report: $1,809, AL #: 10.582, Project #: 220950, Cash Received per SEFA: $75,544, Plus Amount Disbursed in 21-22 per the GAR but received in 22-23 by the District" $28,666, Cash paid per June 30, 2022 Grant Auditor Report: $104,210.
Title: Reconciliation to the Financial Statements
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance where 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.
The federal revenues per the financial statements are in agreement with the SEFA, except for the following: Federal sources revenue per the financial statements: $40,026,611, Reconciling items: Adjustments for Summer Food Service Program for de-obligated funds: $291,846, Total expenditures of federal awards: $40,318,457.