The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the Federal award activity of Claiborne Parish School Board under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with 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). The School Board’s reporting entity is defined in Note 1 of the Notes to the financial statements of the School Board’s Annual Comprehensive Financial Report. Because the Schedule presents only a selected portion of the operations of the School Board, it is not intended to and does not present the financial position or change in net position of the Claiborne Parish School Board
NOTE 2 - BASIS OF ACCOUNTING Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the modified accrual basis of accounting, which is described in Note 1 of the Notes to the financial statements of the Annual Comprehensive Financial Report. Such expenditures 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.
NOTE 3 - RELATIONSHIP TO BASIC FINANCIAL STATEMENTS Federal awards revenues are reported in the School Board's basic financial statements as follows: Major fund: General Fund $ 27,444 Maintenance 45,000 Title I 1,545,898 Nonmajor special revenue funds: School Food Service 1,167,332 Special Education 603,546 Title II 242,579 Rural Education Achievement Program 132,883 Vocational Education 3,168 Preschool 41,679 Striving Readers Comprehensive Literacy 325,858 Student Support and Academic Enrichment 235,146 Early Childhood 5,273 Education Stabilization 2,216,788 Total $ 6,592,594
NOTE 4 - RELATIONSHIP TO FEDERAL FINANCIAL REPORTS Amounts reported in the accompanying schedule agree with the amounts reported in the related federal financial reports except for changes made to reflect amounts in accordance with accounting principles generally accepted in the United States of America.
NOTE 5 - MATCHING REVENUES For those funds that have matching revenues and state funding, federal expenditures were determined by deducting matching revenues from total expenditures.
NOTE 6 - NONCASH PROGRAMS The commodities received, which are noncash revenues, are valued using prices provided by the United States Department of Agriculture.
NOTE 7 - INDIRECT COST RATE Claiborne Parish School Board has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.