Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the Federal award activity of the Okaloosa County District School Board under programs of the Federal Government for the fiscal year ended June 30, 2025. The information in the 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 the District, it is not intended to and does not present the financial position or changes in net position of the District. The District does not have any federal loans or loan guarantees relating to federal awards. The District does not provide, purchase, or sell any federally funded insurance.
Includes $1,049,428 of donated food received during the fiscal year. Donated foods are valued at fair value as determined at the time of donation.
Expenditures include $4,192,149 for grant number/program year S041B-2025-1256.