Commonly Missed Requirements to Improve State Compliance

E-Rate Funding – Not on SEFA for Fiscal Years Ending June 30, 2023, or After

CPAs & Advisors

Jamie Rivette
Jamie Rivette CPA, CGFM Principal CPAs & Advisors

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The 2023 Compliance Supplement was released, which did not classify E-Rate as a federal program subject to Single Audit. The Supplement is effective for audits of fiscal years beginning after June 30, 2022. Therefore, for the 2023 fiscal year, E-Rate reimbursement dollars:

  • will not be included on the Schedule of Expenditures of Federal Awards (SEFA);
  • will not apply to the single audit; and
  • will not be included in total federal awards to determine thresholds for Single Audit and major program calculations.

The above guidance applies for all fiscal years beginning after June 30, 2022. The guidance may change with the 2024 Compliance Supplement, and we will inform you if it does.

For more information, refer to the 2023 Compliance Supplement. Contact Yeo & Yeo if you need assistance.

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