Audit 12349

Title: Note 1- Basis of Presentation Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal and state grant activity of Today's Fresh Start Charter School (Charter School) and is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). De Minimis Rate Used: N Rate Explanation: Today's Fresh Start Charter School didn't used/charged any indirect cost to their federal award expenditures for the fiscal year 2022-2023. The accompanying schedule of expenditures of federal awards includes the federal and state grant activity of Today's Fresh Start Charter School (Charter School) and is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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).

Title: Note 2 - Indirect Cost Rate Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal and state grant activity of Today's Fresh Start Charter School (Charter School) and is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). De Minimis Rate Used: N Rate Explanation: Today's Fresh Start Charter School didn't used/charged any indirect cost to their federal award expenditures for the fiscal year 2022-2023. The Charter School has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.

Title: Note - 3 Subrecipients Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal and state grant activity of Today's Fresh Start Charter School (Charter School) and is presented using the accrual basis of accounting. The information in this schedule is presented in accordance with the audit 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). De Minimis Rate Used: N Rate Explanation: Today's Fresh Start Charter School didn't used/charged any indirect cost to their federal award expenditures for the fiscal year 2022-2023. The Charter School has no sub-recipients for they year ended June 30, 2023.