Notes to SEFA
Title: Expenditure Reports
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Expenditures identified in the schedule of expenditures of federal awards are supported by source documentation and are in agreement with financial reports submitted to the Michigan Department of Education, except for those grants where the grant period differs from the Districts fiscal year.
Title: Oversight Agencies
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Districts federal agency oversight agency is the U.S. Department of Education. The Districts state cognizant agency is the Michigan Department of Education.
Title: Grant Reconciliation
Accounting Policies: Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expendituresare recognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The amounts reported on the Cash Management System (CMS), Grant Section Auditors Report (GAR), agree with the schedule of expenditures of federal awards.