Notes to SEFA
The accompanying schedule of expenditures of federal awards ("SEFA") includes the federal grant activity of the Lafourche Parish School Board (the School Board) and is presented using the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations for Federal Awards ("Uniform Guidance"). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Non‐monetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed. As of June 30, 2025, the School Board had food commodities totaling $304,998 in inventory. During the year ended June 30, 2025, the School Board received commodities valued at $633,350.
The School Board uses an indirect cost rate negotiated and approved by the Louisiana Department of Education and the U.S. Department of Education and has elected not to use the 10% deminimis indirect cost rate as provided for in Section 200.414 of the Uniform Guidance.
The School Board did not pass-through federal awards to subrecipients during the year ended June 30, 2025.
Non-federal entities must record expenditures on the SEFA when: (1) Federal Emergency Management Agency ("FEMA") has approved the non-federal entity’s project worksheet ("PW") and (2) the non-federal entity has incurred the eligible expenditures. Reconciliation of Federal Expenditures: Federal Assistance expenditures as reported on the SEFA $48,133,056 Add: Revenue recognized on FEMA PA projects approved after June 30, 2025 (related expenditures not reported on SEFA) 2,063,577 Less: Expenditures on FEMA PA projects approved during current year, related revenue recognized in the previous year (2,654,185) Federal Grant Revenues $47,542,448