Notes to SEFA
Title: Grant Auditor Report
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant
activity of Andrew J. Brown Charter School, Inc. (the “School”) under programs of the federal government
for the year ended June 30, 2023. The information in the 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 (the “Uniform Guidance”). Because the
Schedule presents only a selected portion of the operations of the School, it is not intended to and does
not present the financial position, changes in net assets, or cash flows of the School. Expenditures reported in the Schedule are reported on the same basis of accounting as the basic
financial statements. Such expenditures are recognized following the cost principles contained in Title 2
U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are
limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
The School has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs as
allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs as
allowed under the Uniform Guidance.
Management has utilized the Cash Management System (CMS) Grant Auditor Report in preparing the
schedule of expenditures of federal awards. Unreconciled differences, if any, have been disclosed to the
auditor.