Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (the Schedule) are reported on the accrual basis of accounting. Such expenditures are recognized following the applicable cost principles contained in Title 2 U.S.Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (the Uniform Guidance), whereincertain types of expenditures are not allowable or are limited as to reimbursement. Negativeamounts shown on the Schedule represent adjustments or credits made in the normal courseof business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule includes the federal award activity of the Grand Forks Public School District No. 1 under programs of thefederal government for the year ended June 30, 2022. The information in this Schedule ispresented in accordance with the requirements of the Uniform Guidance. Because theSchedule presents only a selected portion of the operations of Grand Forks Public SchoolDistrict No. 1, it is not intended to and does not present the financial position or change in netposition of Grand Forks Public School District No. 1. The amounts reported on the schedulehave been reconciled to and are in agreement with amounts recorded in the accounting recordsfrom which the financial statements have been reported.
Title: Non-Monetary Transactions
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (the Schedule) are reported on the accrual basis of accounting. Such expenditures are recognized following the applicable cost principles contained in Title 2 U.S.Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (the Uniform Guidance), whereincertain types of expenditures are not allowable or are limited as to reimbursement. Negativeamounts shown on the Schedule represent adjustments or credits made in the normal courseof business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District receives commodities through the food distribution program and the assistance isvalued at the fair value of the commodities received and disbursed. During the year, theDistrict received $400,404 for commodities and used $400,404 in commodities.
Title: Pass-through Entities
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (the Schedule) are reported on the accrual basis of accounting. Such expenditures are recognized following the applicable cost principles contained in Title 2 U.S.Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (the Uniform Guidance), whereincertain types of expenditures are not allowable or are limited as to reimbursement. Negativeamounts shown on the Schedule represent adjustments or credits made in the normal courseof business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
All pass-through entities listed above use the same AL numbers as the federal grantors toidentify these grants, and have not assigned any additional identifying numbers.
Title: Subrecipient Transactions
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards (the Schedule) are reported on the accrual basis of accounting. Such expenditures are recognized following the applicable cost principles contained in Title 2 U.S.Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, CostPrinciples, and Audit Requirements for Federal Awards (the Uniform Guidance), whereincertain types of expenditures are not allowable or are limited as to reimbursement. Negativeamounts shown on the Schedule represent adjustments or credits made in the normal courseof business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The District acts as the fiscal agent for the 21st Century Community Learning Centers grant. Fundsthat have been provided to others are as follows:21st CenturyEmerado $ 4 3,732Youthworks 3 0,705Total $ 74,437