Audit 54972

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Community High School District 218 (the District) 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). Because the Schedule presents only a selected portion of the District, it is not intended and does not present the financial position or changes in net position of the District. Expenditures reported on the Schedule have been prepared using the modified accrual basis of accounting which is the same basis used in preparing the basic financial statements of the District. Such expenditures 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.No funds were identified as having been provided to subrecipients by the District under the meaning of the Uniform Guidance, and accordingly, no funds identified in the Schedule are attributable to subrecipient entities as required under the Uniform Guidance. There were no federal awards expended for insurance or any loans or loan guarantees outstanding for the year ended June 30, 2022. For the year ended June 30, 2022, the District received $131,233 of noncash assistance in the form of food commodities that is included under the Department of Agriculture passed through the Illinois State Board of Education and $82,966 of noncash assistance in the form of food commodities that is included under the Department of Agriculture passed through the United States Department of Defense (CFDA #10.555). The District has a plan for allocation of common and indirect costs related to grant programs in accordance with, as applicable, 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. The District has not elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.