Title: Basis of Presentation
Accounting Policies: 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, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Grandville Public Schools has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Grandville 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 the operations Grandville Public Schools, it is not intended to and does not present the financial position or changes in financial position of Grandville Public Schools.
Title: Reconciliation to the Financial Statements
Accounting Policies: 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, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Grandville Public Schools has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures per the schedule of expenditures of federal awards $ 6,087,006
Child care relief payments made under a beneficiary arrangement 1,274,447
Federal revenues per the financial statements $ 7,361,453
Title: Subrecipients
Accounting Policies: 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, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Grandville Public Schools has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
No amounts were provided to subrecipients.
Title: Michigan Department of Education Disclosures
Accounting Policies: 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, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Grandville Public Schools has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The amounts reported on the recipient entitlement balance report agree with the Schedule for U.S.D.A. donated food commodities.The following differences were noted between the Schedule and the grant auditor report:
Title I Grants to Local Educational Agencies, Grant: 221530, Reported on Grant Auditor Report: $ 47,618, Reported on Schedule of Expenditures of Federal Awards: $ 83,250, Variance: $ (35,632)
English Language Acquisition State Grants, Grant: 220580, Reported on Grant Auditor Report: 161, Reported on Schedule of Expenditures o fFederal Awards: 646, Variance: (485)
Supporting Effective Instruction State Grants, Grant: 220520, Reported on Grant Auditor Report: 6,330, Reported on Schedule of Expenditures of Federal Awards: 16,884, Variance: (10,554)
Student Support & Academic Enrichment Program, Grant: 220750, Reported on Grant Auditor Report: 9,543, Reported on Schedule of Expenditures of Federal Awards: 10,582, Variance: (1,039)
COVID-19 - Elementary and Secondary School Emergency Relief Fund (ESSER II), Grant: 213712, Reported on Grant Auditor Report: 122,869, Reported on Schedule of Expenditures of Federal Awards: 207,096, Variance: (84,227)
COVID-19 - Elementary and Secondary School Emergency Relief Fund (ESSER III), Grant: 213713, Reported on Grant Auditor Report: 1,569,871, Reported on Schedule of Expenditures of Federal Awards: 1,898,234, Variance: (328,363)
These variances were shown as disbursements on the GAR as of June 30, 2022, but not received by the District until the following fiscal year. Also, it was discovered that the prior year Schedule omitted a receivable of $46,450 for grant 213762, ALN84.425D. The accrued revenue column at July 1, 2022 was corrected on the current year Schedule.