Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Matanuska-Susitna Borough School District 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 Matanuska-Susitna Borough School District, it is not intended to and does not present the basic financial statements of Matanuska-Susitna Borough School District.
No amounts were passed through to subrecipients.
Non-monetary assistance is reported on the schedule at fair value of commodities received and disbursed. For the year ended June 30, 2025, the District received $321,504 in commodities.
The following programs are reported as Intergovernmental - Federal revenues, however are not subject to compliance in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance): Total Schedule of Expenditures of Federal Awards $ 27,675,612 Medicaid Reimbursement 788,136 JROTC Contract Revenue 167,227 JROTC Wings Contract Revenue 74 Total Federal Expenditures $ 28,631,049