Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards presents all applicable federal award programs of the Education Service Center Region 2 (the “Service Center”). The Service Center’s reporting entity is described in Note 1 of the basic financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through other government agencies, are included in the Schedule of Expenditures of Federal Awards.
The expenditures on the accompanying Schedule of Expenditures of Federal Awards are presented using the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenue is recognized in the accounting period in which they become available and measurable, and expenditures in the accounting period in which the fund liability is incurred, if measurable.
The Service Center has not elected to use a de minimis cost rate as allowed in the Uniform Guidance, Section 414.
Grant expenditure reports as of August 31, 2025, which have been submitted to grantor agencies will, in some cases, differ slightly from amounts disclosed herein. The reports prepared for grantor agencies are often prepared at different dates and sometimes reflect refined estimates of year-end accruals. The reports will agree at termination of the grant, as the discrepancies noted are timing differences.