Title: RECONCILIATION OF FEDERAL REVENUES TO FUND BASIS FINANCIAL STATEMENTS:
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, where in certain types of expenditures are not allowable or are limited as to the reimbursement. Negative amounts shown on the Schedule represent adjustment or credits made in the normal course of business amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School District did not elect to use the De Minimus rate for indirect costs.
Total federal revenues per financial statements: General fund $ 7,959,382 Cafeteria fund 1,970,588 $ 9 ,929,970 Add federal revenue passed-through Intermediate Unit I:IDEA-Part B 679,616 Pre-School Grant 6,972 686,588 Less: Medical Assistance Program-ACCESS ( 208,529)(208,529)$ 10,408,029 Total expenditures per SEFA $ 10,462,624 Less: National School Lunch Program State Share (54,595)$ 10,408,029
Title: BASIS OF PRESENTATION:
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, where in certain types of expenditures are not allowable or are limited as to the reimbursement. Negative amounts shown on the Schedule represent adjustment or credits made in the normal course of business amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School District did not elect to use the De Minimus rate for indirect costs.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the 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 School District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the School District.
Title: FOOD COMMODITIES:
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, where in certain types of expenditures are not allowable or are limited as to the reimbursement. Negative amounts shown on the Schedule represent adjustment or credits made in the normal course of business amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School District did not elect to use the De Minimus rate for indirect costs.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed.
Title: IDENTIFICATION OF 40%/20% RULE:
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, where in certain types of expenditures are not allowable or are limited as to the reimbursement. Negative amounts shown on the Schedule represent adjustment or credits made in the normal course of business amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School District did not elect to use the De Minimus rate for indirect costs.
Total expenditures $ 10,462,624 Less state expenditures (54,595)Total Federal Expenditures $ 10,408,029 Type A Programs selected for testing: Education Stabilization Fund, Assistance Listing 84.425 $ 5,785,060 Child Nutrition Cluster 1,967,525 Total Programs Selected for Testing $ 7,752,585 Calculation of Percentage Tested $ 7,752,585 / $ 10,408,029 = 74.49%
Title: PASS-THROUGH ENTITIES:
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, where in certain types of expenditures are not allowable or are limited as to the reimbursement. Negative amounts shown on the Schedule represent adjustment or credits made in the normal course of business amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The School District did not elect to use the De Minimus rate for indirect costs.
No funds were passed through to subrecipients in year ended June 30, 2022.