Title: NOTE 3: PROGRAM REPORTING
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the SantaRosa Independent School District (the District) and is presented on the modified accrual basis ofaccounting. The information in this schedule is presented in accordance with the requirements of theUniform Guidance. Therefore, some amounts presented in this schedule may differ from amountspresented in, or used in preparation of, the basic financial statements. Because the schedule presents onlya selected portion of the operations of the District, it is not intended to and does not represent thefinancial position of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the yearended June 30, 2022, the District did not elect to use this rate.
SHARS and $246,172 of indirect costs are accounted for in the general fund. The Child Nutrition Cluster Program and Child and Adult Care Food Program are accounted for in the General Fund. Expenditures are not specifically attributable to these revenues and are shown on this schedule in an amount equal to revenue for balancing purposes only. Reconciliation:Amount of federal revenues Exhibit C3 $ 6,715,816Less amounts not considered to be federal awards, excludedon the Schedule of Expenditures of Federal Awards:School Health and Related Service Program (SHARS) (225,866)ERATE (41,788)Total expenditures of federal awards, per the Schedule ofExpenditures of Federal Awards (Exhibit K1) $ 6,448,162
Title: NOTE 4: LOAN/LOAN GUARANTEE OUTSTANDING BALANCES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the SantaRosa Independent School District (the District) and is presented on the modified accrual basis ofaccounting. The information in this schedule is presented in accordance with the requirements of theUniform Guidance. Therefore, some amounts presented in this schedule may differ from amountspresented in, or used in preparation of, the basic financial statements. Because the schedule presents onlya selected portion of the operations of the District, it is not intended to and does not represent thefinancial position of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the yearended June 30, 2022, the District did not elect to use this rate.
The District did not have any federal loans or loan guarantees outstanding during the year ended June 30, 2022.
Title: NOTE 5: NONCASH ASSISTANCE AND OTHER
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the SantaRosa Independent School District (the District) and is presented on the modified accrual basis ofaccounting. The information in this schedule is presented in accordance with the requirements of theUniform Guidance. Therefore, some amounts presented in this schedule may differ from amountspresented in, or used in preparation of, the basic financial statements. Because the schedule presents onlya selected portion of the operations of the District, it is not intended to and does not represent thefinancial position of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the yearended June 30, 2022, the District did not elect to use this rate.
The District did not receive any federally funded insurance during the year ended June 30, 2022. Noncash awards:For the year ended June 30, 2022, the District received $53,993 as noncash assistance under the National School Lunch Program (Assistance Listing Number 10.555). The District also received $14,555 as noncash assistance under the K12 COVID19 Testing Program supported by the CDC of the United States Department of Health and Human Services (HHS).
Title: NOTE 6: CONTINGENCIES
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the SantaRosa Independent School District (the District) and is presented on the modified accrual basis ofaccounting. The information in this schedule is presented in accordance with the requirements of theUniform Guidance. Therefore, some amounts presented in this schedule may differ from amountspresented in, or used in preparation of, the basic financial statements. Because the schedule presents onlya selected portion of the operations of the District, it is not intended to and does not represent thefinancial position of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the yearended June 30, 2022, the District did not elect to use this rate.
Grant monies received and disbursed by the District are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the District does not believe that such disallowance, if any, would have a material effect on the financial position of the District.
Title: NOTE 7: FEDERAL PASS-THROUGH FUNDS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal spending of the SantaRosa Independent School District (the District) and is presented on the modified accrual basis ofaccounting. The information in this schedule is presented in accordance with the requirements of theUniform Guidance. Therefore, some amounts presented in this schedule may differ from amountspresented in, or used in preparation of, the basic financial statements. Because the schedule presents onlya selected portion of the operations of the District, it is not intended to and does not represent thefinancial position of the District.
De Minimis Rate Used: N
Rate Explanation: The Uniform Guidance allows an organization to elect a 10% de minimis indirect cost rate. For the yearended June 30, 2022, the District did not elect to use this rate.
The District is also the subrecipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal passthrough funds. Federal awards other than those indicated as passthrough are considered to be direct.