Notes to SEFA
The accompanying schedules of expenditures of federal awards and state financial assistance include the federal and state grant activity of the School District of Bowler under programs of the federal and state governments for the year ended June 30, 2025. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (Uniform Guidance) and the State Single Audit Guidelines. Because the schedules present only a select portion of operations of the District, they are not intended to, and do not, present the financial position and change in net position of the District.
Expenditures reported on the schedules are reported on the 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. School District of Bowler has not elected to use the 10 percent de minims indirect cost rate as allowable under the Uniform Guidance.
2024 - 2025 eligible costs under the State Special Education Program are $903,942.
The District’s federal agency oversight agency is the U.S. Department of Education. The District’s state cognizant agency is the Wisconsin Department of Public Instruction.