Audit 15871

Accounting Policies: NOTE A – BASIS OF PRESENTATION The schedule includes the federal award activity of Noble Academy - Cleveland under programs of the federal government for the fiscal year ended June 30, 2023 and is prepared in accordance with the accrual basis of accounting. The information on this schedule is prepared in accordance with the requirements of Title 2 US 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 Noble Academy - Cleveland, it is not intended to and does not present the financial position, changes in net position, or cash flows of Noble Academy - Cleveland. NOTE B – INDIRECT COST RATE CFR 200.414 allows a non-federal entity that has never received a negotiated indirect cost rate to charge a de minimis rate of 10% of modified total direct costs to indirect costs. The Academy has not elected to use the 10% de minimis indirect cost rate. NOTE C – PASS-THROUGH ENTITY NUMBERS OAKS did not assign pass-through numbers for fiscal year 2023. NOTE D – CHILD NUTRITION CLUSTER Commingled with state and local revenue from sales of breakfasts and lunches; assumed expenditures were made on a first-in, first-out basis. NOTE E – TRANSFERS TO SCHOOLWIDE BUILDING PROGRAM The following amounts were transferred to the Schoolwide Building Program Fund based on ODE administrative action and transferability guidelines during fiscal year 2023: Fund ALN Transfer In Transfer Out Schoolwide Building Program Fund N/A $ 373,486 $ - Title I Grants to Local Education Agencies 84.010A - 250,311 Special Education - Grants to States 84.027A - 79,329 Special Education - Preschool Grants 84.173A - 798 Supporting Effective Instruction 84.367A - 22,496 Student Support and Academic Enrichment 84.424A - 20,552 Total Schoolwide Pool $ 373,486 $ 373,486 De Minimis Rate Used: N Rate Explanation: N/A