Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal grant activity of Sidney School District No. 1 & 5 (School District) under programs of the federal government for the fiscal year ended June 30, 2025. The in-formation in this Schedule is presented in accordance with the requirements of the 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 School District, it is not intended to and does not present the financial position, changes in net position or cash flows of the School District.
Fn1 – No separate funds or accounts maintained; the School District assumes first in first out for program money. Fn2 – The value of commodities (revenues, expenses or inventory) are not displayed in the basic financial statements. N/A – Not applicable/available.