Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of the Washington Parish School Board (the School Board) 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). Because of the Schedule presents only a selected portion of the operations of the School Board, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the School Board.
Federal revenues are reported are reported as revenues from federal sources in the statement of revenues, expenditures, and changes in fund balances totaling $12,371,141, which includes revenues of $101,500 earned for the reimbursement of prior year expenditures. The remaining balance of $12,269,641 agrees to the Schedule for the year ended June 30, 2025.
Amounts reported in the Schedule agree with the amounts reported in the related federal financial reports, except for the amounts in reports submitted as of a date subsequent to June 30, 2025.
Federal grant funds were not passed through to subrecipients during the year ended June 30, 2025.
Non-monetary assistance is reported in the Schedule at the fair market value of the commodities received. During the year ended June 30, 2025, the School Board received commodities valued at $311,842.