Notes to SEFA
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. The River Valley School District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The River Valley School District had non-cash assistance in the form of food distributions received and used in the amount of $53,606 during fiscal year ending June 30, 2025.