Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Oscoda Area Schools 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 Oscoda Area Schools, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Oscoda Area Schools.
Total Current Year Receipts per the MDE NexSys Grant Section Auditors Report $3,609,036 Addition of receipts not passed through the Michigan Department of Education and not included in the NexSys System: Food Distribution for National Lunch Program: 55030 Entitlement Commodities 70,868 Schools and Roads Grant Funds (Alcona County) - 2024 28,155 Schools and Roads Grant Funds (Alcona County) - 2025 2,395 Schools and Roads Grant Funds (Iosco County) - 2025 579 COVID-19 - ESSER Funding American Rescue Plan Homeless II 211013 2223 40,518 Medical Assistance Program Title XIX: Medicaid Outreach Claims 2024 5,468 Plus Immaterial Rounding Difference (1) Total Current Year Receipts on the Schedule of Expenditures of Federal Awards $3,757,018
General Fund $799,091 Special Revenue Funds: Food Service Fund 978,452 Federal Revenue Presented in the Financial Statements 1,777,543 Accounts receivable for the year ended June 30, 2025 received more than 60 days after year-end and to be recognized as federal revenue in fiscal year June 30, 2026 financial statements: National School Breakfast Program: 251970 2024-2025 27,383 251960 2024-2025 42,009 Federal Revenue on the Schedule of Expenditures of Federal Awards $1,846,935