Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Zachary Community School Board and is presented on 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed. The School Board received $275,128 of commodities during the year ended June 30, 2025. At June 30, 2025, the School Board had food commodities totaling $30,573 in inventory.
Total Federal Award Expenditures per schedule $ 6,293,541 Total federal revenue per the Statement of Revenues, Expenditures and Changes in Fund Balance for the year ended June 30, 2025 are reported in the revenue accounts as follows: Restricted grants-in-aid-direct $ 77,319 Restricted grants-in-aid-sub grants 5,941,094 Commodities 275,128 $ 6,293,541
During the year ended June 30, 2025, the School Board did not elect to use the de minimus cost rate as covered in §200.414 of the Uniform Guidance.
During the year ended June 30, 2025, the School Board did not pass through any federal funding to subrecipients.