Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the federal grant activity of Kingsley Area Schools 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 (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of Kingsley Area Schools, it is not intended to and does not present the financial position, changes in net position, or cash flows of Kingsley Area Schools. The District does not pass through federal awards.
Expenditures reported on the Schedule are reported on the modified 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. Negative amounts (if any) shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass through entity identifying numbers are presented where available. Kingsley Area Schools has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
See the Notes to the SEFA table instead
See the Notes to the SEFA table instead
To adjust 2023-2024 accrual for Local Food for Schools Cooperative of $8,951 that was not received in 2024-2025.