Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Holly Area Schools 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 Title 2 U.S. Code of Federal Regulations 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 Holly Area Schools, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Holly Area Schools.
See Note 3 on the Schedule of Expenditures of Federal Awards for chart/table
Management has reported the expenditures in the schedule of expenditures of federal awards (SEFA) equal to those amounts reported in the annual or final cost reports that have been submitted for that particular grant year. The federal amounts reported on the Grant Auditor Report (GAR) are in agreement with the SEFA. The amounts reported on the Recipient Entitlement Balance Report (PAL Report) agree with the SEFA for USDA donated food commodities.
No amounts were provided to subrecipients.
An adjustment was made to the schedule of expenditures of federal awards to reclassify expenditures by grant year for ALN # 10.559, reducing expenditures in grant # 230900 by $14,229 and increasing expenditures in grant # 240900 by $14,229.