Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“Schedule”) includes the Federal grant activity of the Alameda Unified School District (the “District”) and is presented on the modified accrual basis of accounting. 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 District, it is not intended to and does not present the net position, changes in net position, or cash flows of the District. The following schedule provides reconciliation between revenues reported on the Statement of Revenues, Expenditures, and Changes in Fund Balance, and the related expenditures reported on the Schedule of Expenditures of Federal Awards. The reconciling amounts represent Federal funds that have been recorded as revenues in a prior year that have been expended by June 30, 2025, or Federal funds that have been recorded as revenues in the current year and were not expended by June 30, 2025.
Indirect Cost Rate – The District has elected not to use the de minimis indirect cost rate allowed in the Uniform Guidance.
Summary of significant accounting policies – Expenditures reported on the Schedule are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Subrecipients – The District did not pass through any federal awards to subrecipients during the year ended June 30, 2025.