Notes to SEFA
The amount of $16,495 is reported on the schedule as the value of commodities received by the Town during the current year and priced as prescribed by USDA and is included in the National School Lunch Program total.
The Town commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the Town assumes it expends federal monies first.
The Town had $339,591 outstanding on bond payable which is funded by federal awards at June 30, 2023. Of this total, $52,001 is unspent bond proceeds held by the Maine Municipal Bond Bank to be drawn down as the funds are expended.
As described in the U.S. Department of Education Cross-Cutting Section, sections III.A.3, Activities Allowed or Unallowed – Transferability (SEAs and LEAs) and IV.3. Other Information – Transferability of the 2023 OMB Compliance Supplement, expenditures of funds should be included in the audit universe and total expenditures of the receiving program. For fiscal year 2023, the Town transferred Title IV, Part A (AL 84.424) expenditures to Title II, Part A (AL 84.367) expenditures as submitted to the State of Maine Department of Education in its consolidated application. As such, Title IV, Part A (AL 84.424) expenditures and Title II, Part A (AL 84.367) expenditures were adjusted.