Audit 12890

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of KIPP Bay Area Schools dba: KIPP: Public Schools Northern California under programs of the federal governmental for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of the 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 operations of KIPP Bay Area Schools dba: KIPP: Public Schools Northern California, it is not intended to and does not present the financial position, changes in net assets, or cash flows of KIPP Bay Area Schools dba: KIPP: Public Schools Northern California. Expenditures reported on the Schedule are reported on the accrual basis of accounting. KIPP Bay Area Schools dba: KIPP: Public Schools Northern California has elected to use a rate other than the 10-percent de minimus indirect cost rate allowed under Uniform Guidance. De Minimis Rate Used: N Rate Explanation: KIPP Bay Area Schools dba: KIPP: Public Schools Northern California has elected to use a rate other than the 10-percent de minimus indirect cost rate allowed under Uniform Guidance.