Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Ridgewood Local School District (the District) under programs of the federal government for the year ended June 30, 2025. The information on this Schedule is prepared 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 financial position, changes in net position, or cash flows of the District.
The District commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the District assumes it expends federal monies first.
The District reports commodities consumed on the Schedule at the entitlement value. The District allocated donated food commodities to the respective program that benefitted from the use of those donated food commodities
Federal regulations require schools to obligate certain federal awards by June 30. However, with DEW’s consent, schools can transfer unobligated amounts to the subsequent fiscal year’s program. The District transferred the following amounts from 2025 to 2026 programs: (refer to table in report package)
Federal regulations set by the Elementary and Secondary Education Act (ESEA) / Every Student Succeeds Act (ESSA) allows eligible schools to combine Federal, State and Local Funds to upgrade the entire educational program of the school and to raise academic achievement for all students. Except for some or the specific requirements under the applicable Federal program, Federal funds that a school consolidates in the schoolwide program are not subject to most of the statutory or regulatory requirements of the program providing the funds of the schoolwide program meets the intent and the purpose of those programs. For fiscal year 2025, the District consolidated Title I and Title II-A federal grants into a schoolwide program. The following Title I and Title II-A receipts were transferred into the schoolwide program in fiscal year 2025: (refer to table in report package)