Notes to SEFA
The Auburn City Board of Education is an agency of the State of Alabama. All significant operations of the Board are included in the scope of the Uniform Guidance and the Single Audit Act of 1996. 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.
Basis of presentation The Schedule of Expenditures of Federal Awards has been prepared on the modified accrual basis of accounting. The information in this schedule is presented 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. Federal grant revenues are recorded for financial reporting purposes when the Board has met the qualifications for the respective grants. Some programs may be funded jointly by State or local appropriations and Federal funds. Indirect Cost Rate The State Department of Education approves the Board’s indirect cost rate annually, therefore, the Board has elected not to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance.