Audit 50720

Accounting Policies: Basis of Presentation:The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activityof the Ramona Unified School District (the District) under programs of the federal government for the yearended June 30, 2022. The information is presented in accordance with the requirements of Title 2 U.S. Code ofFederal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirementsfor Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operationsof the Ramona Unified School District, it is not intended to and does not present the financial position, changesin net position and fund balance or cash flows of Ramona Unified School District.Summary of Significant Accounting Policies:Expenditures reported in the schedule are reported on the modified accrual basis of accounting. Whenapplicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance,wherein certain types of expenditures are not De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.