Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of the Middlesboro Independent School District and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements ofTitle 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Nonmonetary assistance is reported in the schedule at the fair value of the commodities disbursed. The District no longer maintains a separate commodities inventory due to changes in program regulations. Commodities are included under the Child Nutrition Cluster. The valued amount of commodities received for June 30, 2025 is $59,032.
The following ALN are considered cluster programs: Special Education Cluster Special Education Grants to States Special Education - Preschool Grants Child Nutrition Cluster National School Lunch Program National School Breakfast Program Special Milk Program for Children Summer Food Services for Children 84.027 84.173 10.555 10.553 10.556 10.559
The District has elected not to use the 10% de minim us indirect cost rate as allowed under the Uniform Guidance.