The accompanying schedule of expenditures of federal awards (“the schedule”) includes federal award activity of the City of Camden School District (hereafter referred to as the “School District”). The School District is defined in note 1 to the School District's basic financial statements. The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). All federal awards received directly from federal agencies, as well as federal awards passed through other government agencies, are included on the schedule. Because the schedules presents only a selected portion of the operations of the School District, it is not intended to and does not present the financial position and changes in operations of the School District.
The basic financial statements present the general fund, special revenue fund, capital projects fund, and proprietary fund (enterprise fund - food service) on a GAAP basis. Budgetary comparison statements or schedules (RSI) are presented for the general fund and special revenue fund to demonstrate finance-related legal compliance in which certain revenue is permitted by law or grant agreement to be recognized in the audit year, whereas for GAAP reporting, revenue is not recognized until the subsequent year or when expenditures have been made. The general fund is presented in the accompanying schedule on the modified accrual basis . The special revenue fund is presented in the accompanying schedules on the budgetary basis which recognizes encumbrances as expenditures and also recognizes the related revenues, whereas the GAAP basis does not. The capital projects fund is presented in the accompanying schedules on the modified accrual basis. The proprietary fund (enterprise fund - food service) is presented in the accompanying schedules on the GAAP basis. The net adjustment to reconcile from the budgetary basis to the GAAP basis is $(1,503,098.00) for the general fund and $(724,250.26) for the special revenue fund. See exhibit C-3, notes to required supplementary information, for a reconciliation of the budgetary basis to the modified accrual basis of accounting for the general and special revenue funds. The revenues reported on a GAAP basis from the basic financial statements with a reconciliation to the reported amounts on the schedule of expenditures of federal awards is presented as follows:
Amounts reported in the accompanying schedule agree with the amounts reported in the related federal financial reports.
Amounts reported in the column entitled "adjustments" represent rounding adjustments.
During the fiscal year ended June 30, 2025, the School District was the recipient of federal assistance that represented either a reimbursement to the School District or payments made on-behalf of the School District. Revenues and expenditures reported under the federal food distribution program represent the current year value received and the current year distribution, respectively, of American-grown United States Department of Agriculture foods utilized in the School District’s food service program.
Annual school plan funds are not separate federal programs as defined in the Uniform Guidance; amounts used in annual school plan are included in the total expenditures of the program contributing the funds in the schedule of expenditures of federal awards. The following funds by program are included in annual school plan in the School District:
Major programs are identified in the Summary of Auditor's Results section of the Schedule of Findings and Questioned Costs.