Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Serena CUSD 2 and is presented on the cash basis of accounting. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
The auditee elected to not use 10% de minimis cost rate.
Of the federal expenditures presented in the schedule, Serena CUSD 2 provided federal awards to subrecipients as follows: $0 to subrecipients
The following amounts were expended in the form of non-cash assistance by Serena CUSD 2 and should be included in the Schedule of Federal Awards: Non-Cash Commidities - $12, 017; Other Non- Cash Assistance - Dept of Defense Fruits & Vegetables - $17,728; Total Non-Cash $29,745
No Insurance coverage in effect piad with federal funds during the fiscal year.