Audit 9241

Title: Note 3 RISK-BASED AUDIT APPROACH Accounting Policies: Tri-Valley School District (the “District”) is the reporting entity for financial reporting purposes is defined in Note 1B to the District’s basic financial statements. For purposes of preparing the schedule of expenditures of federal awards, the District’s reporting entity is the same that was used for financial reporting.The accompanying Schedule of Expenditures of Federal Awards includes the grant activity of the District and is presented using the modified accrual basis of accounting, which is described in Note 1D to the District’s basic financial statements. De Minimis Rate Used: N Rate Explanation: The District did not use the 10% de minimis indirect cost rate. The 2023 threshold for determining Type A and Type B programs is $750,000. The District had no type A programs. The following Type B programs were audited as major: 84.425D Elementary and Secondary School Emergency Relief Fund and 10.553/10.555/10.556/10.559 Child Nutrition Cluster. The amount expended under the program audited as a major federal program for the year ended June 30, 2023, totaled $800,417 or 66.32% of total federal awards expended.