Notes to SEFA
The accompanying schedules of expenditures of federal awards and state financial assistance include the federal and state grant activity of Marion School District and are presented on the modified accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (Uniform Guidance) and the State Single Audit Guidelines, and the Wisconsin Department of Instruction in the Wisconsin School District Audit Manual. Because the schedules present only a select portion of operations of the District, they are not intended to, and do not, present the financial position and change in net position of the District.
Expenditures reported in the schedules 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. Marion School District has not elected to use the 10 percent de minims indirect cost rate as allowable under the Uniform Guidance.
2024 – 2025 eligible costs under the State Special Education Program are $840,681.
The District’s federal oversight agency is the U.S. Department of Education. The District’s state cognizant agency is the Wisconsin Department of Public Instruction.