Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures presented on the Schedules are reported on the modified accrual basis of accounting.
Expenditures are recorded when the liability is incurred. Accrued revenue at year-end consists of
federal and state program expenditures scheduled for reimbursement to the District in the
succeeding year while unearned revenue represents advances for federal and state programs that
exceed recorded District expenditures.
Further, the Schedules are prepared following the principles contained in the Uniform Grant
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: Janesville School District has not elected to use the 10 percent de minimis indirect cost rate of the Uniform Guidance.
The accompanying schedules of expenditures of federal and state awards (“Schedules”) include
the federal and state award activity of the School District of Janesville (“District”) under programs
of the federal and state government for the year ended June 30, 2023. The information in these
schedules 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) and the State Single Audit Guidelines.
Because the Schedules presents only a selected portion of the operations of the District, they are
not intended to and do not present the financial position or changes in net position of the District.
Title: Special Education and School Age Parents Program
Accounting Policies: Expenditures presented on the Schedules are reported on the modified accrual basis of accounting.
Expenditures are recorded when the liability is incurred. Accrued revenue at year-end consists of
federal and state program expenditures scheduled for reimbursement to the District in the
succeeding year while unearned revenue represents advances for federal and state programs that
exceed recorded District expenditures.
Further, the Schedules are prepared following the principles contained in the Uniform Grant
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: Janesville School District has not elected to use the 10 percent de minimis indirect cost rate of the Uniform Guidance.
The aid received during fiscal year 2022-23 was based on a proration of the total net eligible
expenditures incurred during fiscal year 2021-22 ($17,127,808). The net eligible expenditures
incurred during fiscal year 2022-23 ($18,020,265) will be utilized in determining aid received in
fiscal year 2023-24.
Title: Oversight Agency
Accounting Policies: Expenditures presented on the Schedules are reported on the modified accrual basis of accounting.
Expenditures are recorded when the liability is incurred. Accrued revenue at year-end consists of
federal and state program expenditures scheduled for reimbursement to the District in the
succeeding year while unearned revenue represents advances for federal and state programs that
exceed recorded District expenditures.
Further, the Schedules are prepared following the principles contained in the Uniform Grant
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: Janesville School District has not elected to use the 10 percent de minimis indirect cost rate of the Uniform Guidance.
The District’s federal oversight agency for audit is the U.S. Department of Education. The District’s state cognizant agency is the Wisconsin Department of Public Instruction.
Title: Pass-Through Agency
Accounting Policies: Expenditures presented on the Schedules are reported on the modified accrual basis of accounting.
Expenditures are recorded when the liability is incurred. Accrued revenue at year-end consists of
federal and state program expenditures scheduled for reimbursement to the District in the
succeeding year while unearned revenue represents advances for federal and state programs that
exceed recorded District expenditures.
Further, the Schedules are prepared following the principles contained in the Uniform Grant
Guidance, wherein certain types of expenditures are not allowable or are limited as to
reimbursement.
De Minimis Rate Used: N
Rate Explanation: Janesville School District has not elected to use the 10 percent de minimis indirect cost rate of the Uniform Guidance.
The District received federal awards from the following pass-through agencies: WI DPI Wisconsin Department of Public Instruction, WI DHS Wisconsin Department of Health Services, WI DOA Wisconsin Department of Administration