Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the Federal award activity of the Brevard County District School Board under programs of the Federal Government for the fiscal year ended June 30, 2025. The information in this 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 selected portion of the operations of the District, it is not intended to and does not present the financial position, changes in net position, or cash flows of the District.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. 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.
The District has not elected to use the 10 percent de minimis cost rate allowed under the Uniform Guidance.
Includes $3,409,701 of donated food received during the fiscal year. Donated foods are valued at fair value as determined at the time of donation.
Expenditures are for grant numbers 04CH012171-03.
The District incurred $15,018 in expenditures for the Disaster Grants - Public Assistance (Presidentially Declared Disaster) grant in prior fiscal years.