Audit 53546

Accounting Policies: The School District did not provide federal assistance to any subrecipient.The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the Marion County Board of Education (the "Board") 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).Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.During the year ended June 30, 2022, $115,937 was transferred to Title I, Grants to Local Educational Agencies from Supporting Effective Instruction State Grants ($69,332) and the Student Support and Academic Enrichment Grant ($46,605). Expenditures of transfers are reflected within the receiving program. De Minimis Rate Used: N Rate Explanation: The Board has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.