Title: Medicaid Reimbursements
Accounting Policies: (1) Expenditures reported on this Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein, certain types of expenditures are not allowable or are limited as to reimbursement. (2) The McLean County School District has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Although reported in the financial statements as direct federal revenue, medicaid reimbursements ($54,988) are not considered expenditures of federal awards for the purposes of the schedule.
Title: Subrecipients
Accounting Policies: (1) Expenditures reported on this Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein, certain types of expenditures are not allowable or are limited as to reimbursement. (2) The McLean County School District has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
There were no awards passed through to subrecipients.
Title: Reconciliation of the SEFA to the Financial Statements
Accounting Policies: (1) Expenditures reported on this Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein, certain types of expenditures are not allowable or are limited as to reimbursement. (2) The McLean County School District has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Federal Awards presented in the financial statements, by Fund: Special Revenue Fund 2 - Indirect Federal: Direct Federal is $90,246 ; Indirect Federal is 2,355,305 ; total Proprietary fund (food service) is 1,083,333. Total Federal awards reported in the Schedule of Federal Expenditures is $3,528,884
Title: Basis of Presentation
Accounting Policies: (1) Expenditures reported on this Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein, certain types of expenditures are not allowable or are limited as to reimbursement. (2) The McLean County School District has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards ( the Schedule) includes the federal award activity of the McLean County School District 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 McLean County School District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the McLean County School District.
Title: Commodities
Accounting Policies: (1) Expenditures reported on this Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein, certain types of expenditures are not allowable or are limited as to reimbursement. (2) The McLean County School District has elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
Noncash assistance is reported in the schedule at the fair market value of the USDA food commodities received and disbursed.