Notes to SEFA
The Schedule of Expenditures of Federal Awards includes the federal grant activity of the Morgan County School System (the “School System”) and is presented on the accrual basis of accounting. The information in this 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”). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The School System elected not to use the 10% de minimis cost rate for the year ended June 30, 2025.
The School System received non-cash awards under the National School Lunch Program, Assistance Listing 10.555, in the amount of $139,737 for the year ended June 30, 2025.
The School System did not pass through any funds to subrecipients during the year ended June 30, 2025.