Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Leetonia Exempted Village School District under programs of the federal government for the year ended 06/30/25. The information on this Schedule is prepared 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 District, it is not intended to and does not present the financial position or changes in net position of the District.
Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement
The District has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The District commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the School District assumes it expends federal monies first.
The District reports commodities consumed on the Schedule at the entitlement value. The School District allocated donated food commodities to the respective program that benefitted from the use of those donated food commodities.
Federal regulations require schools to obligate certain federal awards by June 30. However, with ODEW’s consent, schools can transfer unobligated amounts to the subsequent fiscal year’s program. The School District transferred the following amounts from 2025 to 2026 programs: Program Title AL# Amount Transferred Title I Grants to Local Educational Agencies 84.010 $5,117 Title II-A Supporting Effective Instruction 84.367 $23,703
During fiscal year 2025, the District utilized the transferability program between Title II-A Supporting Effective Instruction and the Title I Grants to Local Educational Agencies Grant. The Schedule reflects the District spent $39,636 on the Supporting Effective Instruction Grant; however, through the transferability program, $13,650 (34%) of these expenditures supported activities for Title I Grants to Local Educational Agencies.