Notes to SEFA
The accompanying schedule of expenditures of federal awards ("the Schedule") includes the federal grant activity of Firebaugh-Las Deltas Unified School District. The information in the Schedule is presented in accordance with the requirements of Title 2, Code of Federal Regulations, Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, Subpart F–Audit Requirements (Uniform Guidance). Therefore, some amounts may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. These expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule, if any, represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Firebaugh-Las Deltas Unified School District did not elect to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. The District did not participate in any loan or loan guarantee programs as described in Title 2, Code of Federal Regulations, Part 200.502(b) during the year ended June 30, 2025. The District did not provide any awards to subrecipients.