Notes to SEFA
The District is an independent municipal corporation. All federal grant operations of the District are included in the scope of the single audit.
The District did not elect to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance. (Effective for year beginning after October 1, 2024 the de minimus indirect cost rate increases to 15%.) Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source for the data presented.
Non-monetary assistance is reported in the schedule at the fair market value of the commodities used, which are amounts provided by New Your State under the National School Lunch Program. At June 30, 2025, the District was granted $32,587 of commodities under the Fresh Fruit and Vegetable Program (Assistance Listing 10.582) and $47,824 of commodities under the National School Lunch Program (Assistance Listing 10.555).
No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds is covered by the District’s casualty insurance policies. There were no loans or loan guarantees outstanding at year-end.