The accompanying schedule of expenditures of federal awards includes the federal grant activity of Sharyland Independent School District. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and OMB Compliance Supplement, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Reconciliation of Schedule of Expenditures of Federal Awards(Schedule K‐1) to Statement of Revenues, Expenditures, and Changes in Fund Balance (Exhibit C‐3):
Sharyland Independent School District elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
During the year ended June 30, 2025, the District had no pass‐through to sub‐recipients.
During the year ended June 30, 2025, the District had no outstanding federal loans payable or loan guarantees.
During the year ended June 30, 2025, the District had no federally funded insurance.
During the year ended June 30, 2025, the District received $342,440 as non-cash assistance under the Commodity Supplemental Food Program
Grant monies received and disbursed by the District are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the District does not believe that such disallowance, if any, would have a material effect on the financial position of the District.
The District is also the sub‐recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass‐through funds. Federal awards other than those indicated as pass‐through are considered to be direct.
As allowed by federal regulations, the District elected to transfer program funds as follows: The District expended $222,345 from its Title IV, Part A, Subpart 1 Student Support and Academic Enrichment Program (84.424A) on allowable activities of the Title I Grants to Local Educational Agencies (84.010A). This amount is reflected in the expenditures of Title I Grants to Local Educational Agencies (84.010A). The District expended $690,596 from its Title II, Part A - Supporting Effective Instruction State Grants (84.367A) on allowable activities of the Title III, Part A - English Language Acquisition State Grants (84.365A). This amount is reflected in the expenditures of Title III, Part A - English Language Acquisition State Grants (84.365A).