Notes to SEFA
The Schedule of Expenditures of Federal Awards contains federal grant activity of the Pojoaque Valley SchoolDistrict (District) was prepared using the modified accrual basis of accounting. The information in the scheduleis presented in accordance with the requirements of Title 2 US Code of Federal Regulations (CFR) Part 200,Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
The federal granting agency is responsible for providing the District with the Assistance Listing number,previously known as the Catalog of Federal Domestic Assistance (CFDA) number, for each grant or contract.In cases where the federal granting agency did not provide the Assistance Listing number to the District, otheridentifying numbers are presented on the schedule of expenditures of federal awards. In cases where thefederal granting agency did not provide this number to the District and it was not otherwise determinable, it isnoted as “not available” on the schedule of expenditures of federal awards.
The District did not receive any federal awards in the form of noncash assistance during the year.
The following is a reconciliation of expenditures reported on the schedule of expenditures of federal awards tothe expenditures reported in the governmental fund financial statements:
There are no sub-recipients of federal funds as of and for the year ended June 30, 2025.
The District has elected not to utilize the 15% minimum indirect cost rate.
The District has no federally funded insurance.
The District did not expend federal awards related to loans or loan guarantees for the year ended June 30, 2025