Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Independent School District No. 2397 (the District) under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of 2 CFR 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 District, it is not intended to and does not present the financial position or changes in net position or fund balance of the District.
The Schedule of Expenditures of Federal Awards includes certain federal awards received as nonmonetary assistance. During the year ended June 30, 2025, the District received food commodities under the National School Lunch Program (Assistance Listing Number 10.555) from the U.S. Department of Agriculture. These commodities are reported on the Schedule of Expenditures of Federal Awards at fair value at the date of receipt, as determined by the U.S. Department of Agriculture.