Notes to SEFA
Title: Oversight Agency
Accounting Policies: Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the Wisconsin State Single Audit Guide, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to adopt the 10% De Minimis cost rate for the year ended June 30, 2022.
The Districts federal oversight agency for audit is the U.S. Department of Education. The Districts state cognizant agency is the Wisconsin Department of Public Instruction.
Title: Special Education Expenditures
Accounting Policies: Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the Wisconsin State Single Audit Guide, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to adopt the 10% De Minimis cost rate for the year ended June 30, 2022.
Eligible costs for special education under project 011 were $5,821,750 for the year ended June 30, 2022.
Title: Pass Through Grant Numbers
Accounting Policies: Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the Wisconsin State Single Audit Guide, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to adopt the 10% De Minimis cost rate for the year ended June 30, 2022.
Pass-through grant numbers were not assigned by the pass-through entities.
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the Wisconsin State Single Audit Guide, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District has not elected to adopt the 10% De Minimis cost rate for the year ended June 30, 2022.
All federal and state award programs operated by the School District of Cudahy (the District) are included in the scope of the single audit. The single audit was conducted in accordance with the provisions of the Government Auditing Standards and Uniform Guidance and the Wisconsin State Single Audit Guide, issued by the Wisconsin Department of Administration. The information in these Schedules are presented in accordance with the requirements of 2CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Wisconsin State Single Audit Guide. Because the Schedules 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.