Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Liberty-Eylau Independent School District (the District) and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in preparation of the general-purpose financial statements.
In the year ending June 30, 2025, the District received Medicaid funds of $228,139 which is not considered a federal award since it is direct cash assistance to individuals.
Indirect costs totaling $94,985 are in the General Fund. The restricted indirect cost rate for the 2024-2025 fiscal year, as approved by The Division of Federal and Fiscal Compliance and Reporting at the Texas Education Agency (TEA), 6.782%.
Federal Funds Per K-1 $ 3,599,124 Medicaid SHARS 228,139 Total Federal Funds 3,827,263