The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federalgrant activity of the 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 the UniformGuidance. Because the schedule presents only a selected portion of the operations of the District, it isnot intended to and does not present the financial position, changes in net position or cash flows of theDistrict.
The accounting and financial reporting treatment applied to a fund is determined by its measurementfocus. The Governmental Fund types are accounted for using a current financial resources measurementfocus. All federal grant funds were accounted for in the General Fund or Special Revenue Fund,components of the Governmental Funds. With this measurement focus, only current assets and currentliabilities and the fund balance are included on the balance sheet. Operating statements of these fundspresent increases (i.e., revenues and other financing sources) and decreases (i.e., expenditures and otherfinancing uses) in net current assets. The modified accrual basis of accounting is used for the Government Funds. This basis of accountingrecognizes revenues in the accounting period in which they become susceptible to accrual, i.e., bothmeasurable and available, and expenditures in the accounting period in which the fund liability isincurred, if measurable, except for unmatured interest on long-term debt, which is recognized whendue, and certain compensated absences and claims and judgments, which are recognized when theobligations are expected to be liquidated with expendable available financial resources. Federal grant funds are considered earned to the extent of expenditures made under the provisions ofthe grant, and, accordingly, when such funds are received, they are recorded as unearned revenues untilearned.
The period of availability for federal grant funds for the purpose of liquidation of outstandingobligations made on or before the ending date of the federal project period extended 30 days beyondthe federal project period ending date, in accordance with provisions in the Uniform Guidance.
The National School Lunch Program (ALN 10.555) received like kind goods. The monetary value ofthese goods was $1,127,415 for the year ended June 30, 2025.
The District participates in numerous state and federal grant programs, which are governed by variousrules and regulations of the grantor agencies. Costs charged to the respective grant programs are subjectto audit and adjustments by the grantor agencies; therefore, to the extent that the District has notcomplied with the rules and regulations governing the grants, refund of any money received may berequired and the collectability of any related receivable at June 30, 2025, may be impaired. In theopinion of the District, there are no significant contingent liabilities relating to compliance with therules and regulations governing the respective grants; therefore, no provision has been recorded in theaccompanying combined financial statements for such contingencies.
The following is a reconciliation of total expenditures reported on the Schedule of Expenditures ofFederal Award (Exhibit K-1) to Federal Program Revenues reported on Exhibit C-2: See the Notes to the SEFA for table.