Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Greater Johnstown Area Vocational-Technical School 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 the Greater Johnstown Area Vocational-Technical School, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Greater Johnstown Area Vocational-Technical School.
Expenditures reported on the Schedule 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. The Greater Johnstown Area Vocational Technical School has elected to not use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance. The School uses the following indirect cost rates: Pell Grant - The Federal Higher Education Opportunity Act (HEOA) provides for a payment of $5 per Pell Grant recipient to reimburse for a share of the cost of administering the program.