Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes federal grant activity of the District under programs of the federal government for the year ended June 30, 2025. The district primarily receives federal awards indirectly through Wyoming Department of Education. The information in the SEFA is presented in accordance with requirements of Title 2 US Code of Federal Regulations, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of operations of the Districts, it is not intended to and does not present the changes in net assets of the District.
Federal program expenditures included in the accompanying SEFA are presented 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 reimbursement. Negative amounts shown on the SEFA represent adjustments or credits made in normal course of business to amounts reported as expenditures in prior years.
The District has elected to utilize the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
There were no loans/loan guarantees.
Items with an asterisk (*) on the SEFA are major programs. Non-monetary assistance is reported in the SEFA at fair market value of commodities received and disbursed. No federal expenditures were passed through to subrecipients, the District utilized the funds directly.