Notes to SEFA
The Greensburg Salem School District (the "District") is the reporting entity for financial reporting purposes is defined in Note 1 to the District's financial statements.
The accompanying schedule of expenditures of federal awards has been prepared on the basis of accounting practices prescribed or permitted by the Manual of Accounting and Related Financial Procedures for Pennsylvania School Systems, issued by the Pennsylvania Department of Education. These practices, as they apply to the District, are in conformity with U.S. generally accepted accounting principles. The District did not use the 10% de minimis indirect cost rate.
The accompanying Schedule is presented using the accrual basis of accounting. Expenditures are recognized following cost principles contained in the Uniform Guidance. The School District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Non-monetary assistance was received from the U.S. Department of Agriculture in the amount of $120,130 in the form of commodities. These commodities are valued at U.S.D.A.'s approximate costs. During the year ended June 30, 2025, the School District used $120,174 in commodities and established a year-end inventory of $794. The amount recognized as revenue of $120,174 represents the commodities used versus the commodities received.