The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Ascension Parish School Board (the School Board) and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Nonmonetary 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 $1,220,467. As of June 30, 2025, the School Board had food commodities totaling $672,438 in inventory.
During the year ended June 30, 2025, the School Board did not elect to use the de minimus cost rate as covered in §200.414 of the Uniform Guidance. Instead, the School Board has an indirect cost rate that is provided by the Louisiana Department of Education.
The Federal Expenditures reported on the SEFA of $33,344,654, are reconciled with federal grant revenues as noted below. General $ 341,898 Child Nutrition 11,827,814 Head Start 2,047,918 Special Education 6,945,299 Education Stabilization Fund 3,289,548 Title I 5,247,968 Title II 1,321,521 Title IV 596,401 Other Federal Funds 1,726,287 Total Federal Expenditures reported on SEFA $ 33,344,654
The School Board did not pass federal awards to sub-recipients during the year ended June 30, 2025.