Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the federal grant activity of Newaygo Public Schools under programs of the federal government for the year ended June 30, 2025. 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 (“the Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of Newaygo Public Schools, it is not intended to and does not present the financial position and changes in net position of Newaygo Public Schools. The District did not pass through federal awards to subrecipients.
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 to reimbursement. Negative amounts (if any) shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass through entity identifying numbers are presented where available. Newaygo Area Public Schools has elected to not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Newaygo Area Public Schools recalculated the June 2024 Summer Food Service Program reimbursement claim and submitted a corrected reimbursement claim which resulted in $31,413 being received instead of the $34,072 that had been recorded as a receivable as of June 30, 2024.
See the Notes to the SEFA table instead
See the Notes to the SEFA table instead