Audit 46686

Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIESOrganizationThe accompanying Schedule of Expenditures of Federal Awards represents all Federal awards administered by the Marathon Central School District. The School Districts organization is defined in Note 1 to the School Districts basic financial statements.Basis of AccountingThe expenditures in the accompanying schedule are presented on an accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.Cluster ProgramsThe following programs are identified by OMB Compliance Supplement to be part of a cluster of programs:U.S. Department of Agriculture Nutrition ClusterAL #10.553 School Breakfast ProgramAL #10.555 National School Lunch Program AL #10.559 Summer Food Service ProgramU.S. Department of Education Special Education ClusterAL #84.027 Special Education Grants to States (IDEA, Part B)AL #84.173 Special Education Preschool Grants (IDEA Preschool)AL #84.027X COVID-19- Special Education Grants to States (IDEA, Part B) AL #84.173X COVID-19 Special Education Preschool Grants (IDEA Preschool)De Minimis Indirect Cost RateThe School District has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.Food DonationNonmonetary assistance is reported in the schedule at fair market value of the food commodities received. At June 30, 2022, the School District had food commodities totaling $5,835 in inventory. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.