Notes to SEFA
Expenditures reported on the schedule of expenditures of federal awards (Schedule) are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Therefore, some of the amounts presented in the Schedule may differ from amounts presented in or used in the preparation of the basic financial statements. Because the Schedule presents only a select portion of the operations of the Greenville Area School District, it is not intended to and does not present the net position, activities, or cash flows of Greenville Area School District.
The accompanying Schedule includes the federal award activity of Greenville Area 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).
Greenville Area School District has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Non-Cash assistance is reported in the Schedule at the fair market value of the commodities received and disbursed. At June 30, 2025, the School District had $ 2,370 of food commodity inventory.
There were no funds passed through to subrecipients from any of the federal programs.