Notes to SEFA
Title: OTHER DISCLOSURES
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Midland County Educational Service Agency 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 operations of Midland County Educational Service Agency, it is not intended to and does not present the financial position or changes in net position of Midland County Educational Service Agency. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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. Negative amounts (if any) shown on the Schedule represent adjustments or credit made in the normal course ofbusiness to amounts reported as expenditures.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Management has utilized the NexSys and the Grant Auditor Report in preparing the Schedule of Expenditures of Federal Awards.
Title: RECONCILIATION OF REVENUE REPORTED IN THE FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Midland County Educational Service Agency 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 operations of Midland County Educational Service Agency, it is not intended to and does not present the financial position or changes in net position of Midland County Educational Service Agency. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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. Negative amounts (if any) shown on the Schedule represent adjustments or credit made in the normal course ofbusiness to amounts reported as expenditures.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Total federal expenditures per Schedule of Expenditures ofFederal Awards $ 5,526,208Add:Child Care Stabilization Grant - Vendor relationship 94,940Revenues per financial statements - federal sources $ 5,621,148
Title: (UNAUDITED) DONATED PERSONAL PROTECTIVE EQUIPMENT
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Midland County Educational Service Agency 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 operations of Midland County Educational Service Agency, it is not intended to and does not present the financial position or changes in net position of Midland County Educational Service Agency. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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. Negative amounts (if any) shown on the Schedule represent adjustments or credit made in the normal course ofbusiness to amounts reported as expenditures.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
For the year ended June 30, 2022, the School District is not aware of any received federally funded personal protective equipment.