Notes to SEFA
A.Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of 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 The Oklahoma State Department of Education. Because the Schedule presents only selected portion of the operations of the School, it is not intended and does not present the financial position, changes in net assets, or cash flows of the School. B. Summary of Significant Accounting PoliciesExpenditures reported in the Schedule are reported on the regulatory basis of accounting consistent with the preparation of the combined financial states except for non-monetary assistance noted in Note C. The School has elected not to use the 10% de minimis indirect cost rate. None of the federal programs include any loan programs.c. Non-Monetary AssistanceNon-monetary assistance is reported in the Schedule at the value determined by the Oklahoma Department of Human Services (OKDHS) Food Distribution Programs (FDP) Unit, specifically through their Commodity Distribution Unit (CDU). This unit calculates the dollar value of non-bonus commodities using a formula based on USDA provided assistance rates and prior year meal participation data.D. Pass-Through Grant NumbersThe majority of federal programs administered by the Oklahoma State Department of Education and passed through to the District are not assigned specific grantors or pass-through identifying numbers. Accordingly, the District has reported NA in the pass-through grant number column on the Schedule of Expenditures of Federal Awards for those programs. This presentation is consistent with information made available by the pass-through entity and with federal reporting guidance.