Notes to SEFA
Title: Oversight Agency
Accounting Policies: Expenditures presented on the Schedules are reported on the modified accrual basis of accounting.Expenditures are recorded when the liability is incurred. Accrued revenue at year-end consists offederal and state program expenditures scheduled for reimbursement to the District in thesucceeding year while unearned revenue represents advances for federal and state programs thatexceed recorded District expenditures.Further, the Schedules are prepared following the principles contained in the Uniform GrantGuidance, wherein certain types of expenditures 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 oversight agency for audit is the U.S. Department of Education. The Districts state cognizant agency is the Wisconsin Department of Public Instruction.
Title: Pass-Through Agencies
Accounting Policies: Expenditures presented on the Schedules are reported on the modified accrual basis of accounting.Expenditures are recorded when the liability is incurred. Accrued revenue at year-end consists offederal and state program expenditures scheduled for reimbursement to the District in thesucceeding year while unearned revenue represents advances for federal and state programs thatexceed recorded District expenditures.Further, the Schedules are prepared following the principles contained in the Uniform GrantGuidance, wherein certain types of expenditures 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 District received federal awards from the following pass-through agencies:WI DPIWisconsin Department of Public Instruction WI DHS Wisconsin Department of Health Services
Title: Basis of Presentation
Accounting Policies: Expenditures presented on the Schedules are reported on the modified accrual basis of accounting.Expenditures are recorded when the liability is incurred. Accrued revenue at year-end consists offederal and state program expenditures scheduled for reimbursement to the District in thesucceeding year while unearned revenue represents advances for federal and state programs thatexceed recorded District expenditures.Further, the Schedules are prepared following the principles contained in the Uniform GrantGuidance, wherein certain types of expenditures 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 accompanying schedules of expenditures of federal and state awards (Schedules) includethe federal and state award activity of the School District of Janesville (District) under programsof the federal and state government for the year ended June 30, 2022. The information in theseschedules is presented in accordance with the requirements of Title 2 U.S. Code of FederalRegulations Part 200, Uniform Administrative Requirements, Cost Principles and AuditRequirements for Federal Awards (Uniform Guidance) and the State Single Audit Guidelines.Because the Schedules presents only a selected portion of the operations of the District, they arenot intended to and do not present the financial position or changes in net position of the District.
Title: Special Education and School Age Parents Program
Accounting Policies: Expenditures presented on the Schedules are reported on the modified accrual basis of accounting.Expenditures are recorded when the liability is incurred. Accrued revenue at year-end consists offederal and state program expenditures scheduled for reimbursement to the District in thesucceeding year while unearned revenue represents advances for federal and state programs thatexceed recorded District expenditures.Further, the Schedules are prepared following the principles contained in the Uniform GrantGuidance, wherein certain types of expenditures 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 aid received during fiscal year 2021-22 was based on a proration of the total net eligibleexpenditures incurred during fiscal year 2020-21 ($16,781,493). The net eligible expendituresincurred during fiscal year 2021-22 ($17,188,474) will be utilized in determining aid received infiscal year 2022-23.