Notes to SEFA
The Hoover City Board of Education (the Board), is an agency of the State of Alabama. All significant operations of the Board are included in the scope of the Uniform Guidance. The U. S. Department of Education has been designated as the Board's cognizant agency for the "Single-Audit”.
Single Audit testing procedures were performed for program transactions occurring during the fiscal year ended September 30, 2025.
Various reimbursement procedures are used for Federal awards received by the Board. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year-end represent an excess of expenditures over cash reimbursements received to date. Generally, accrued or deferred balances caused by differences in the timing of cash reimbursements and expenditures will be reversed in the remaining grant period.
The Board has no federally funded insurance and no federally funded loans or loan guarantees for the fiscal year ended September 30, 2025.
LEAs may transfer up to 100 percent of their allotments from Title II, Part A (84.367) and Title IV, Part A (84.424) to the other program or to Title I, Part A (84.010). For the year ended September 30, 2025, the Board transferred $140,000 from Title II and $103,512 from Title IV into Title I, increasinG the total allotment of Title I to $1,697,592.