Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of the District under programs of the federal government for the year ended August 31, 2025. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget (OMB) Uniform Guidance. Because the schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position or cash flows of the District.
The following is a reconciliation of expenditures of federal awards program per the Schedule of Expenditures of Federal Awards (“SEFA”) and expenditures reported on the Statement of Revenues, Expenditures and Changes in Fund Balance – Governmental Funds: See notes to SEFA for chart/table.
Federal awards reported in the general fund are summarized as follows: See notes to SEFA for chart/table.
The District recognized revenue of $16,997 during fiscal year 2025 for revenues related to receipt of funds for Disaster Recovery Grants – Public Assistance – Hurricane Ike. These funds were reported on the District’s SEFA at the time the expenditures were incurred immediately following the disaster which occurred in September 2008.
The District returned $218,369 in grant funds received prior to fiscal year 2025. The funds were related to Disaster Recovery Grants – Public Assistance – Hurricane Ike. All projects related to this disaster are still not closed out as of August 31, 2025.