Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of Moshannon Valley School District (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 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 select portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position or cash flows of the District.
Amounts reported in the accompanying Schedule agree with the amounts reported in the related federal financial reports.
The program amount for the National School Lunch Program is based on a set per meal reimbursement rate.
Source codes used in the Schedule are as follows: I = Indirect funding Grant period codes used in the Schedule are as follows: A = 07/01/22 - 06/30/23 B = 07/01/23 - 06/30/24 C = 07/01/24 - 06/30/25