Notes to SEFA
No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds has only a nominal value and 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 reported $168,370 in surplus food commodities received from the federal government as federal sources revenue in its governmental funds financial statements. However, in accordance with the Uniform Guidance, the value of surplus food commodities used during the fiscal year is required to be reported as federal awards expended. Therefore, an adjustment of $(2,143) was reflected, resulting in a total of $166,227 reported as non-cash assistance (food distribution) for surplus food commodities used in the National School Lunch Program, ALN: 10.555. For the fiscal year ended June 30, 2025, the District received $44,721 in E-Rate funding, which is reported as federal revenues in the governmental funds financial statements. However, E-Rate program reimbursements are not classified as federal awards expended in accordance with the Uniform Guidance. For the fiscal year ended June 30, 2025, the District received federal awards related to the Career and Technical Education – Basic Grants to States, ALN: 84.048 of $47,785. These federal awards were inadvertently reported as State revenues by the District in the governmental funds financial statements. Additionally, for the fiscal year June 30, 2025, aggregate differences of $30,701 existed between federal revenues reported in the governmental fund financial statements and the Schedule, resulting from adjustments made during the grant closeout process to English Language Acquisition State Grants, ALN: 84.365 of $14,133 and COVID-19: Elementary and Secondary School Relief, ALN: 84.425 of $16,568. The following is a reconciliation of the federal revenues reported in the financial statements to federal awards expended, as reported in the Schedule: