Title: Loan/loan guarantee outstanding balances
Accounting Policies: With the exception of expenditures related to the Provider Relief Fund (PRF) and American Rescue Plan (ARP), expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF and ARP are not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF and ARP are based on the period of availability, terms and conditions of the PRF and ARP program, and amounts reported in the portal for the reporting period 3, due September 30, 2022, and reporting period 4, due March 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
COMMUNITY FACILITIES LOANS AND GRANTS (10.766) - The District had an outstanding loan with USDA as of December 31, 2022, with a balance of $18,930,747. The loan balance outstanding at the beginning of the year was included in the federal expenditures presented in the Schedule.
Title: Basis of Accounting
Accounting Policies: With the exception of expenditures related to the Provider Relief Fund (PRF) and American Rescue Plan (ARP), expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF and ARP are not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF and ARP are based on the period of availability, terms and conditions of the PRF and ARP program, and amounts reported in the portal for the reporting period 3, due September 30, 2022, and reporting period 4, due March 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of the District. 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 (the Uniform Guidance). Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District.
Title: Donated Personal Property
Accounting Policies: With the exception of expenditures related to the Provider Relief Fund (PRF) and American Rescue Plan (ARP), expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF and ARP are not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF and ARP are based on the period of availability, terms and conditions of the PRF and ARP program, and amounts reported in the portal for the reporting period 3, due September 30, 2022, and reporting period 4, due March 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The District received donated personal protective equipment (PPE) from various federal and state agencies during the COVID-19 pandemic. In accordance with guidance provided by the 2022 Compliance Supplement, these amounts were not included as expenditures on the schedule of expenditures of federal awards. The fair market value of the donated PPE was approximately $106,000 and was received from various organizations.
Title: Interest Earned on Provider Relief Funds
Accounting Policies: With the exception of expenditures related to the Provider Relief Fund (PRF) and American Rescue Plan (ARP), expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF and ARP are not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF and ARP are based on the period of availability, terms and conditions of the PRF and ARP program, and amounts reported in the portal for the reporting period 3, due September 30, 2022, and reporting period 4, due March 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
PRF reported on the Schedule included $21,390 of interest earned on PRF and ARP proceeds and used for allowable purposes.
Title: Subrecipients
Accounting Policies: With the exception of expenditures related to the Provider Relief Fund (PRF) and American Rescue Plan (ARP), expenditures on the Schedule are reported on the accrual basis of accounting and 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. The PRF and ARP are not subject to cost principles requirements contained in the Uniform Guidance. Expenditures reported on the Schedule for PRF and ARP are based on the period of availability, terms and conditions of the PRF and ARP program, and amounts reported in the portal for the reporting period 3, due September 30, 2022, and reporting period 4, due March 31, 2023.
De Minimis Rate Used: N
Rate Explanation: The District has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The District passed no federal awards through to subrecipients.