Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes federal award activity of the Port Byron Central School District (the School District) under programs of the federal government for the year ended June 30, 2025. The information in the SEFA is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement’s, Cost principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of the operations of the School District, it is not intended to and does not present the financial position or changes in net position.
Matching costs, such as the School District's share of certain program costs, are not included in the reported expenditures.
The School District is the recipient of a federal award program that does not result in cash receipts or disbursements termed a “non-monetary program.” During the year ended June 30, 2025, the School District received $45,394 worth of commodities under the National School Lunch Program (ALN #10.555).
No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds has only a nominal value and is covered by the School District’s casualty insurance policies. There were no loans or loan guarantees outstanding at year end. No amounts were provided to subrecipients.