Notes to SEFA
Non-monetary assistance is reported in the schedule using Recipient Entitlement Balance Report and other district records. Spoilage of pilferage, if any, is included in expenditures.
Management has reported the expenditures in the Schedule of Expenditures of Federal Awards equal to those amounts reported in the annual or final cost reports.
The District is required to disclose any reconciling differences between revenues and the Expenditures of Federal Awards per GASB 33 – Accounting and Financial Reporting for Nonexchange Transactions. Below is the reconciliation of the Expenditures for Federal Award programs and the financial statements as report. The reason for the differences pertains to the District receiving the a federal grant not subject to audit.