Audit 7675

Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIES Organization The accompanying Schedule of Expenditures of Federal Awards represents all Federal awards administered by the Valley Stream Union Free School District Thirteen. The School District’s organization is defined in Note 1 to the School District’s basic financial statements. Basis of Accounting The expenditures in the accompanying schedule are presented on an accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements Cluster Programs U.S Department of Education AL #84.027 Special Education – Grants to States (IDEA, Part B) AL #84.173 Special Education – Preschool Grants (IDEA Preschool) AL #84.027X COVID-19- Special Education – Grants to States (IDEA, Part B) AL #84.173X COVID-19- Special Education – Preschool Grants (IDEA Preschool) Indirect Cost Rate The School District has not elected to use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: Indirect Cost Rate The School District has not elected to use the 10% de minimis indirect cost rate.