Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the expenditures of Carrollton Community Unit School District No. 1 under programs of the federal government for the fiscal year ended June 30, 2025. Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in fund balance, revenues and expenditures of the District. For purposes of the Schedule, federal awards include all grants, contracts and similar agreements entered into directly between the District and agencies and departments of the federal government and all sub-awards to the District by nonfederal organizations pursuant to federal grants, contracts and similar agreements. The schedule presents expenditures by federal agency for the District’s major and nonmajor programs in accordance with the provisions of the U.S. Office of Management and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
None
During the year ended June 30, 2025, the District received $18,927 in non-cash funding through the Illinois State Board of Education’s Child Nutrition program.
The District had no insurance as it relates to federal programs in effect for the year ended June 30, 2025.
The District had no outstanding loans or loan guarantees from federal sources as of June 30, 2025.