Notes to SEFA
Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Southwestern Central School District and is presented on the modified accrual basis of accounting. The information in the 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). Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Basis of Accounting - The basis of accounting varies by Federal program consistent with underlying regulations pertaining to each program. The amounts reported as Federal expenditures generally were obtained from the appropriate Federal financial reports for the applicable programs and periods. The amounts reported in these Federal financial reports are preared from records maintained for each program, which are periodically reconciled with the District's financial reporting system.
The accopmanying Southwestern Central School District is the recipient of a non-monetary federal award program. During the year ended June 30, 2025, the District reported in the Schedule of Federal Awards $38,900 of donated commodities at fair market value received and disbursed.
The District has elected not to use the 10% de minimis indirect cost rate allowed under the Unfirom Guidance in the current year.
Included in ARP - ESSER 3 ($138,437) are expenditures that were incurred during the prior fiscal year.