Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the School District under programs of the federal government for the year ended June 30, 2025. 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). 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.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to the reimbursement. Negative amounts shown on the Schedule represent cash received but not expensed in the current year or deferred revenues from a prior period.
The School District did not elect to use the De Minimus rate for indirect costs.
Nonmonetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed.
No funds were passed through to sub-recipients in year ended June 30, 2025.
Total federal revenues per financial statements: General Fund: $3,090,868 Cafeteria Fund: 2,138,841 $5,229,709 Add federal revenue passed-through Intermediate Unit I: Special Education-Grants to States/IDEA- Part B 729,823 729,823 Less: Medical Assistance Program-ACCESS (460,727) Account #8810 funds are considered fee for service revenue (460,727) $5,498,805 Total expenditures per SEFA $5,608,296 Less: National School Lunch Program State Share (109,491) $5,498,805