Notes to SEFA
Since revenue is recognized to the extent expenditures are incurred, expenditures are readily identifiable with the revenue reported.
The value of the noncash assistance received was determined in accordance with the provisions of the Uniform Guidance and is included in the schedule of expenditures of federal awards.
During the year ended June 30, 2025, there were adjustments within the Title I Part A and IDEA Flowthrough programs totaling $81,427. The adjustment related to funds which were expended in a prior year which were recaptured.