Notes to SEFA
Title: Basis of Accounting
Accounting Policies: BASIS OF PRESENTATION The schedule of expenditures of federal awards reflects federal expenditures for all individual grants which were active during the fiscal year.
De Minimis Rate Used: N
Rate Explanation: The School has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. For the year ended June 30, 2022, there were no indirect costs included in the schedule of expenditures of federal awards.
All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, certain expenditures are recorded when the federal obligation is determined.
Title: SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS ERROR
Accounting Policies: BASIS OF PRESENTATION The schedule of expenditures of federal awards reflects federal expenditures for all individual grants which were active during the fiscal year.
De Minimis Rate Used: N
Rate Explanation: The School has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. For the year ended June 30, 2022, there were no indirect costs included in the schedule of expenditures of federal awards.
As a result of the information obtained during the year, the School has concluded that the Schedule of Expenditures of Federal Awards was misstated in the previous year. The School omitted $90,000 of federal award expenditures related to CFDA #21.019 that was received from Pennsylvania Commission on Crime and Delinquency.