Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes federal award activity of Ringgold School District (the “School District”) under programs of the federal government 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). Because the Schedule presents only a selected portion of the operations of Ringgold School District, it is not intended to and does not present the financial position, changes in net position, or cash flows of Ringgold School District.
Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities received and disbursed. At June 30, 2025, the District had food commodities totaling $1,241 in inventory.