Audit 78106

Accounting Policies: 1. SIGNIFICANT ACCOUNTING POLICIESBasis of PresentationThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of NewHartford Central School District, under programs of the federal government for the year ended June 30, 2022. The informationin this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because theSchedule presents only a selected portion of the operations of New Hartford Central School District, it is not intended to anddoes not present the financial position, changes in net position, or cash flows of New Hartford Central School District.Basis of AccountingThe expenditures in the accompanying schedule are presented on an accrual basis of accounting. The information in thisschedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presentedin this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.De Minimis Indirect Cost RateNew Hartford Central School District has not elected to use the 10 percent de minimis indirect cost rate as allowed under theUniform Guidance.Donated Personal Protective Equipment (Unaudited)During the emergency period of COVID-19, federal agencies and recipients of federal assistance funds donated personalprotective equipment (PPE) to non-federal entities. In connection with that donation, the recipient must disclose the estimatedvalue of donated PPE, but such amounts are not included in the Schedule of Expenditures of Federal Awards. The School Districtdid receive donated PPE during the reporting year in the amount of $5,800.. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.