Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Craig City School District 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 Craig City School District, it is not intended to and does not present the basic financial statements of Craig City School District.
No amounts were passed through to subrecipients.
Nonmonetary assistance is reported in the schedule at fair market value of the commodities received and disbursed for the year ended June 30, 2025 the District had food commodities totaling $9,276
Impact Aid revenue is recognized when received; however, expenditures are applied to the prior year and a commitment is established annually for monies received under the current application.
Federal Expenditures per previous page $ 2,493,185 Adjustments: Statutory Impact Aid committed in FY 2024 (519,447) Statutory Impact Aid committed in FY 2025 553,634 Total federal revenue per basic financial statements $ 2,527,372