Notes to SEFA
The following reconciles the federal awards shown on the Schedule of Expenditures of Federal Awards to the federal revenue reported in the financial statements for fiscal year ended June 30, 2025. Federal Award revenue per the Schedule of Expenditures of Federal Awards $7,411,471, less Pass-through awards recorded in the Local Revenue -$2,201,035, equals Federal REvenue per the Financial Statements of $5,210,436.
As allowed by federal regulations, the School elected to transfer program funds. The School expended $265,324 from its Title II, Part A - Supporting Effective Instruction (84.367) on allowable activities of the Title I, Part A - Improving Basic Programs (84.010). This amount is reflected in the total revenue received for the year, and expenditures of Title I, Part A - Improving Basic Programs (84.010).