Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Pathway School of Discovery (the School) 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 School it is not intended to and does not present the financial position, changes in net position, or cash flows of the School.
Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. The School has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The School commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the School assumes it expends federal monies first.
The School reports commodities consumed on the Schedule at the entitlement value. The School allocated donated food commodities to the respective program that benefitted from the use of those donated food commodities.
During the fiscal year 2025 the School made allowable transfers of $44,900 from the Student Support and Academic Enrichment Program (84.424) to the Supporting Effective Instruction State Grants program (84.367). The following table shows the gross amount drawn for the programs during fiscal year 2025: Program Title Federal ALN Number Amount Supporting Effective Instruction State Grants 84.367 $ 25,967 Transfer From Student Support and Academic Enrichment 84.424 44,900 Total Supporting Effective Instruction State Grants $ 70,867 Student Support and Academic Enrichment Program 84.424 $ 44,900 Transfer to Supporting Effective Instruction State Grants 84.367 (44,900) Total Student Support and Academic Enrichment Program $ -