Notes to SEFA
The Board did not have any loans or loan guarantee programs required to be reported on the schedule for the fiscal year ended September 30, 2025.
The Board did not provide federal funds to subrecipients for fiscal year ending September 30, 2025.
The amounts reflected in the financial reports submitted to the awarding federal, state and/or passthrough agencies and the SEFA may differ. Some of the factors that may account for any difference include the following: • The Board’s fiscal year end may differ from the program’s year end. • Accruals recognized in the SEFA, because of year end procedures, may not be reported in the program financial reports until the next program reporting period.
The Board is the subrecipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as “pass-through” are considered direct.
The Board utilizes its funding under Title I to operate a “school-wide program”. School-wide programs are designed to upgrade an entire educational program within a school for all students, rather than limit services to a targeted group of students.
The value of non-cash commodities received from the federal government in connection with the donated food program is reflected in the accompanying financial statements. The total assigned value of commodities donated was $57,269 for fiscal year 2025.
Grant monies received and disbursed by the Board are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the Board does not believe that such disallowance, if any, would have a material effect on the financial position of the Board. As of May 5, 2026, there were no known material questioned or disallowed costs as a result of grant audits in process or completed.