Notes to SEFA
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal grant activity of the Board of Education of the City of Fargo under programs of the federal government for the year ended June 30, 2025. The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Board of Education of the City of Fargo, it is not intended to and does not present the financial position, changes in fund balance or net position, or cash flows of the Board of Education of the City of Fargo.
Expenditures reported on the schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Subpart E of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. No amounts were passed through to subrecipients.
The commodities reported on the schedule are the value of the supplemental food program distributed by the District during the year as priced by the North Dakota Department of Public Instruction (ND NDI). As of June 30, 2025, the District had food service commodity inventory totaling $114,362.
For federal programs marked "Unknown", the Board of Education of the City of Fargo was unable to obtain a pass-through grant number.
The Board of Education of the City of Fargo has not elected to use the 10-percent de minimus cost rate as allowed under Uniform Guidance.