Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Ardmore School District No. I-19 Carter County, Oklahoma under programs of the federal government for the 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 Ardmore School District No. I-19 Carter County, Oklahoma, it is not intended to and does not present the basic financial statements as listed in the table of contents, of Ardmore School District No. I-19 Carter County, Oklahoma.
Expenditures reported on the Schedule are reported on using the cash basis of accounting. Encumbrances are included when paid rather when incurred. Some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement. Nonmonetary assistance is reported in the schedule at the fair market value of commodities received.
Ardmore School District No. I-19 Carter County, Oklahoma has elected not to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance.
Ardmore School District No. I-19 Carter County, Oklahoma did not have any awards that have been passed through to subrecipients.
Ardmore School District No. I-19 Carter County, Oklahoma, received $250,000 revenues for program Assistance No. 84.367 Title II, Part A funds which are allowed to be transferred. The transferred funds are reported above in Title I Assistance No. 84.010, and be used in corresponding expenditures.