Notes to SEFA
Title: Subrecipient
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes thefederal award activity of Anchorage School District under programs of the federal government forthe year ended June 30, 2022. The information in this Schedule is presented in accordance withthe requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).Because the Schedule presents only a selected portion of the operations of Anchorage SchoolDistrict, it is not intended to and does not present the financial position and changes in netposition of Anchorage School District. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting.Such expenditures are recognized following the cost principles contained in the UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. Negative amounts shown on the Schedule represent adjustments or credits madein the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Subrecipients are not presented on the face of the Schedule of Expenditures of Federal Awardsbecause the Anchorage School District does not provide any federal funds to subrecipients.