Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the federal grant activity of Roscommon Area 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 (“the Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of Roscommon Area Public Schools, it is not intended to and does not present the financial position, changes in net position, or cash flows of Roscommon Area Public Schools. The District does not pass-through federal funds to sub recipients.
Expenditures reported on the Schedule are reported on the modified 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. Negative amounts (if any) shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass through entity identifying numbers are presented where available. Roscommon Area Public Schools has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
See the Notes to the SEFA table instead
See the Notes to the SEFA table instead
U.S. Department of Education The receivable for several grants was recorded on the June 30, 2024 Schedule of Expenditures of Federal Awards under the 2223 grant number. These balances were paid under the 2324 grant number and so an adjustment was made moving the 2223 grant receivable to the 2324 grant line. This affects Title I Part A $456,407, Title IV Part A $36,023, Title II Part A $52,772 and Title V Part B $13,713 with a net adjustment of $0 for each grant. Adjustments were also made for Assistance Listing #84.010 $1,553 and #84.367 $1,696 related to reclassifying revenue to the prior period.