Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Iosco Regional Education Service Agency 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Iosco Regional Education Service Agency , it is not intended to and does not present the financial position, changes in net assets, or cash flows of Iosco Regional Education Service Agency.
Agency total current year payments per MDE NexSys GAR $2,423,118 Addition of receipts not passed through the Michigan Department of Education and not included in the NexSys System: Special Education Teacher Tuition Reimbursement 9,178 Secondary CTE Perkins 253520 69,169 Small Rural School Achievement Program S358A221441 27,514 MiSTAIRS Grant - WIOA Statewide Activity 2022 135 MiSTAIRS Grant - AP-36516-21-60-A-23 31,120 Medicaid Outreach Claims 24-25 46,434 Less Immaterial Rounding Difference (1) Total Current Year Receipts on the Schedule of Expenditurres of Federal Awards $2,606,667
General Fund $815,983 Vocational Education 76,893 Special Education 1,566,763 Food Service Fund 93,498 Federal Revenue Presented in the Financial Statements 2,553,137 Accounts receivable for the year ended June 30, 2025 received more than 60 days after year-end and recognized as federal revenue in fiscal year June 30, 2026 financial statements: MiSTAIRS Grant - AP-36516-21-60-A-23 15,556 Federal Revenue on the Schedule of Expenditures of Federal Awards $2,568,693