Audit 70014

FY End
2022-06-30
Total Expended
$1.28M
Findings
0
Programs
14
Organization: Wallace School District #393 (ID)
Year: 2022 Accepted: 2022-10-17
Auditor: Hayden Ross PLLC

Organization Exclusion Status:

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Findings

No findings recorded

Contacts

Name Title Type
C71QDXX7FX16 Beatrice Conley Auditee
2087534515 Tony Matson Auditor
No contacts on file

Notes to SEFA

Title: Food Distribution Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance and Cost Principles for State, Local and Indian Tribal Governments,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. Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities received and disbursed. The value of the non-cash assistance for the year ended June 30, 2022 was $18,110.
Title: Sub-Recipients Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis ofaccounting. Such expenditures are recognized following the cost principles contained in theUniform Guidance and Cost Principles for State, Local and Indian Tribal Governments,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. There were no awards passed through to sub-recipients.