Notes to SEFA
No insurance is carried specifically to cover equipment purchased with federal funds. Equipment purchased with federal funds that is inventoried is covered by the District’s casualty insurance policies. There were no loans or loan guarantees outstanding at year end.
The accompanying schedule reflects only those expenditures that are subject to the requirements of the Uniform Guidance, and thus excludes certain items reported in the District’s financial statements. For the fiscal year ended June 30, 2025, the District received $12,890 in E-Rate funding, which is reported as federal sources revenue in the governmental funds financial statements. However, E-Rate program reimbursements are not classified as federal awards expended in accordance with the Uniform Guidance. The following is a reconciliation of the federal revenues reported in the financial statements to federal awards expended, as reported in the Schedule: