Notes to SEFA
Nonmonetary assistance is reported in the schedule of expenditures of federal awards at the cost of commodities provided to the School Lunch Program. The total federal share of these commodities was $240,863 for the year ended June 30, 2024. The amounts have been included in the schedule of expenditures of federal awards under ALN 10.555.
The accompanying Schedule of Expenditures of Federal Awards (the “SEFA”) has been reissued to correct a material omission identified subsequent to the original issuance of the Town’s financial statements and related Single Audit reports. As originally presented, the SEFA did not include $1,143,085 of expenditures related to American Rescue Plan Act (ARPA) funds received as a subrecipient through Bristol County. These expenditures were incurred during the fiscal year and should have been reported in accordance with Uniform Guidance requirements for inclusion of all federal awards expended, including those received through pass-through entities. Management has revised the SEFA to include these expenditures. This correction resulted in an increase to total federal awards expended for the fiscal year. The reissuance of the SEFA did not affect the Town’s financial statements; however, it did impact the reporting of federal awards subject to the Single Audit.