Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Preble Shawnee Local School District (the School District) under programs of the federal government for the fiscal year ended June 30, 2025. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the School District, it is not intended to and does not present the financial position or changes in net position of the School District.
The School 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 School District reports commodities consumed on the Schedule at the fair value. The School District allocated donated food commodities to the respective program that benefitted from the use of those donated food commodities.
During fiscal year 2025, the School District made allowable transfers of $31,920 from the Supporting Effective Instruction State Grants (84.367) program and $14,153 from the Student Support and Academic Enrichment Program (84.424) to the Title I Grants to Local Educational Agencies (84.010) program. The Schedule shows the School District spent $26,158 on Supporting Effective Instruction State Grants program and $0 on the Student Support and Academic Enrichment Program. The amounts reported for the Supporting Effective Instruction State grants program on the Schedule exclude the amounts transferred to the Title I Grants to Local Educational Agencies program. The amounts transferred to the Title I Grants to Local Educational Agencies program are included as Title I Grants to Local Educational Agencies expenditures when disbursed.