Notes to SEFA
The following is a reconciliation of federal revenues reported in the School District's basic financial statements to federal expenditures reported in the SEFA. Federal revenues as reported in the basic financial statements $ 1,256,925 Add: Impact Aid reserved in prior year recognized as expended in fiscal year 2025 on the SEFA 718,753 Less: Impact Aid assigned for subsequent year expenditures included in revenue in the financial statements (643,461) Federal share of expenditures as reported on the SEFA $ 1,332,217