Notes to SEFA
The Schedule of Federal Awards reflects federal expenditures for all individual grants which were active during the fiscal year.
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of the School District of Borough of Brentwood and is presented on the modified accrual basis of accounting. The information in the 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 the schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities received and disbursed.
The District has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. No indirect costs were charged to the District’s Federal awards for the year ended June 30, 2025.
The district participates in the ACCESS Program which is a medical assistance program that reimburses local educational agencies for direct eligible health-related services provided to enrolled special needs students. Reimbursements are federal source revenues but are classified ad fee-for-service and are not considered federal financial assistance.