Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Great River Connections Academy (the “School”) 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 the School, it is not intended to and does not present the financial position, changes in net position, or cash flows of the School.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The School has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The School generally must spend Federal assistance within 15 months of receipt. However, with Ohio Department of Education and Workforce (DEW) approval, a School can transfer (carryover) unspent Federal assistance to the succeeding year, thus allowing the School a total of 27 months to spend the assistance. During fiscal year 2025 the DEW authorized the following transfers: ALN Number / Grant Title Grant Year Transfer Out Transfer In 84.010A Title I 2024 $ 5,883 84.010A Title I 2025 $ 5,883 84.367A Title II-A Supporting Effective Instruction 2024 350 84.367A Title II-A Supporting Effective Instruction 2025 350 84.173A Early Childhood Special Education 2024 $ 2,116 84.173A Early Childhood Special Education 2025 $ 2,116 84.424A Title IV-A Student Support and Academic Enrichment 2024 475 84.424A Title IV-A Student Support and Academic Enrichment 2025 475 $ 8,823 $ 8,823
The School transferred the following funds between programs in fiscal year 2025: ALN Number / Grant Title Grant Year Transfer Out Transfer In 84.424A Title IV-A Student Support and Academic Enrichment 2025 $ 38,526 84.367A Title II-A Improving Teacher Quality 2025 19,621 84.010A Title I 2025 $ 58,147 $ 58,147 $ 58,147 The amount transferred to Title I is included in Title I program expenditures when disbursed.