Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the San Carlos Unified School District No. 20's (the District) federal grant activity under federal programs 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). 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of the School, it is not intended to and does not present the financial position or changes in fund balance or net position of the District.
The program titles and assistance listings numbers were obtained from the federal or pass-through grantor or SAM.gov.
The District did not elect to use the 10 percent de minimis indirect cost rate as covered in 2 CFR §200.414.
Food donations as reported for the Child Nutrition Cluster represents the amount of donated food used during the fiscal year ended June 30, 2025. Commodities are valued at fair value at the time of donation.