The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of federal award programs administered by the Supervisory Union, which is described in Note 1 to the Supervisory Union’s accompanying financial statements, using the modified cash basis of accounting. Therefore, some amounts presented in this Schedule may differ from amounts presented in or used in the preparation of the Supervisory Union’s financial statements. Federal awards that are included in the Schedule may be received directly from Federal agencies, as well as Federal awards that are passed through from other government agencies. The information presented in the 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 the Supervisory Union, it is not intended to and does not present the financial position and changes in net position of the Supervisory Union.
Expenditures on the Schedule 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 limited as to reimbursement. Matching costs (the Supervisory Union’s share of certain program costs) are not included in the reported expenditures. Pass-through entities’ identifying numbers are presented where applicable. The amounts reported as Federal expenditures were obtained from the Federal financial reports for the applicable program and period. The amounts reported in these reports are prepared from records maintained for each program, which are reconciled with the Supervisory Union’s financial reporting system.
The Supervisory Union provided federal awards to subrecipients as follows: AL Number White River Unified District First Branch Unified District Rochester Stockbridge Unified District Sharon Elementary School The Newton School Strafford Total 84.010A $ 181,344 $ 101,415 $ 41,658 $ 59,240 $ - $ 383,657 84.425U - 155,000 - - 46,600 201,600 $ 181,344 $ 256,415 $ 41,658 $ 59,240 $ 46,600 $ 585,257
The Supervisory Union is an independent municipal corporation. All Federal grant operations of the Supervisory Union are included in the scope of the single audit.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed. For the year ended June 30, 2025, the Supervisory Union received $55,515 in non-monetary assistance.
The Supervisory Union did not elect to use the 10% de minimus cost rate. Indirect costs may be included in the reported expenditures, to the extent that they are included in the federal financial reports used as the source for the data presented. The Supervisory Union’s policy is not to charge federal award programs with indirect costs.
No insurance is carried specifically to cover equipment purchased with Federal funds. Equipment purchased with Federal funds is covered by the Supervisory Union’s casualty insurance policy. There were no loans or loan guarantees outstanding at year-end.