Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the School District of Holmen (the "District") and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of, the financial statements.
Non-monetary assistance is reported in the schedule of federal awards at the fair market value of the commodities received and used in the amount of $273,070 during the fiscal year ended June 30, 2025.
Elected not to use.