Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Otsego Public 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 Otsego Public Schools, it is not intended to and does not present the financial position or changes in financial position of Otsego Public Schools.
Expenditures per the schedule reconcile to the federal revenue per the financial statements. See table below.
No amounts were provided to subrecipients.
The amounts reported on the recipient entitlement balance report agree with the Schedule for U.S.D.A. donated food commodities. The federal amounts reported on the Grant Auditor Report (GAR) are in agreement with the Schedule except for the following. See table below. Negative variances represent payments disbursed per the GAR as of June 30, 2024, but not received by the District until July 2024. Negative variances represent payments disbursements per the GAR as of June 30, 2025, but not received by the District until July 2025.