Notes to SEFA
See the Notes to the SEFA for chart/table.
Single audit testing procedures were performed for the District’s major federal award transactions during the year ended June 30, 2025.
The selection of major federal programs provides consideration to the U.S. Department of Education Student Financial Assistance (SFA) Cluster (CFDA No. 84.063, Federal Pell Grant Program and CFDA No. 84.268, Federal Direct Student Loans); the Special Education Cluster (IDEA) (CFDA No. 84.027, Special Education Grants to States); and the Child Nutrition Cluster (CFDA No. 10.555, National School Lunch Program).
The District participates in the Federal Direct Student Loan Program, which provides federal loans directly to students rather than through private lending institutions. The District is responsible only for the origination of the loan (e.g., determining student eligibility and disbursing loan proceeds to the borrower). The Direct Loan Servicer is then responsible for the overall servicing and collection of the loan. Accordingly, these loans are not included in the District’s financial statements. The amount reported on the Schedule of Expenditures of Federal Awards for the loan program represents the total value of the loans awarded and paid to the District’s students during the year ended June 30, 2025.