Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of the City School District of New Rochelle (District), under programs of the federal government for the year ended June 30, 2025. 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). Because the Schedule presents only a portion of the operations of the District, it is not intended to and does not present the financial position or the respective changes in the financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the District.
Expenditures reported on the Schedule are presented in conformity with accounting principles generally accepted in the United States and the amounts presented are derived from the District’s general ledger.
Where the District receives funds from a government entity other than the federal government (pass-through), the funds are accumulated based upon the Assistance Listing (AL) number advised by the pass-through grantor. Identifying numbers, other than the AL numbers, which may be assigned by pass-through grantors are not maintained in the District's financial management system. The District has identified certain pass-through identifying numbers and included them in the schedule of expenditures of federal awards, as available.
Indirect Costs are included in the reported expenditures to the extent they are included in the financial reports used as the source for the expenditures presented. The District did not elect to use the 10 percent de-minimis indirect cost rate as allowed under the Uniform Guidance.
Matching costs, i.e., the District’s share of certain program costs, are not included in the reported expenditures.
The School District is the recipient of a federal financial award program that does not result in cash receipts or disbursements termed a non-monetary program. During the year ended June 30, 2025, the School District received food commodities, the fair value of which amounted to $176,903 is presented in the Schedule as National School Lunch Program (Assistance Listing No. 10.555).