Title: Recipient Entitlement Balance Report
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Monroe Public Schools under programs of the federal government for the year ended June 30, 2023. 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 (Uniform Guidance). Because the schedule presents only a selected portion of teh operations of Monroe Public Schools, it is not intended to and does not present the financial positioin, changes in net position, or cash flows of Monroe Public Schools. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met.
De Minimis Rate Used: N
Rate Explanation: Monroe Public Schools elected not to use the diminimus indirect cost rate as allowed under the Uniform Guidance.
The amounts reported on the recipient entitlement balance report, or PAL report, agree with this schedule for USDA donated food commodities and are reported in the cash receipts column.
Title: Matching Requirements
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Monroe Public Schools under programs of the federal government for the year ended June 30, 2023. 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 (Uniform Guidance). Because the schedule presents only a selected portion of teh operations of Monroe Public Schools, it is not intended to and does not present the financial positioin, changes in net position, or cash flows of Monroe Public Schools. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met.
De Minimis Rate Used: N
Rate Explanation: Monroe Public Schools elected not to use the diminimus indirect cost rate as allowed under the Uniform Guidance.
Certain federal programs require that the School District contribute non-federal funds (matching funds) to support the federally funded programs. The School District complied with the matching requirements. The expenditures of non-federal matching funds is not included on the Schedule.
Title: Loans
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Monroe Public Schools under programs of the federal government for the year ended June 30, 2023. 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 (Uniform Guidance). Because the schedule presents only a selected portion of teh operations of Monroe Public Schools, it is not intended to and does not present the financial positioin, changes in net position, or cash flows of Monroe Public Schools. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met.
De Minimis Rate Used: N
Rate Explanation: Monroe Public Schools elected not to use the diminimus indirect cost rate as allowed under the Uniform Guidance.
There were no federal awards expended for loan or loan guarantee programs.
Title: Grant Auditor Report
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Monroe Public Schools under programs of the federal government for the year ended June 30, 2023. 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 (Uniform Guidance). Because the schedule presents only a selected portion of teh operations of Monroe Public Schools, it is not intended to and does not present the financial positioin, changes in net position, or cash flows of Monroe Public Schools. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met.
De Minimis Rate Used: N
Rate Explanation: Monroe Public Schools elected not to use the diminimus indirect cost rate as allowed under the Uniform Guidance.
Management has utilized the Michigan Department of Education NexSys Grant Auditor Report in preparing the Schedule. See the notes to the SEFA for the table.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Monroe Public Schools under programs of the federal government for the year ended June 30, 2023. 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 (Uniform Guidance). Because the schedule presents only a selected portion of teh operations of Monroe Public Schools, it is not intended to and does not present the financial positioin, changes in net position, or cash flows of Monroe Public Schools. Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as a reimbursement. Cash received is recorded on a cash basis. Revenues are recognized when qualifying expenditures have been incurred and all grant requirements have been met.
De Minimis Rate Used: N
Rate Explanation: Monroe Public Schools elected not to use the diminimus indirect cost rate as allowed under the Uniform Guidance.
The School District administers certain federal award programs through subrecipients. Those subrecipients are not considered part of the School District's reporting entity. See the Notes to the SEFA for the table.