Audit 292198

FY End
2023-06-30
Total Expended
$3.61M
Findings
0
Programs
7
Organization: Keystone Academy Charter School (PA)
Year: 2023 Accepted: 2024-02-26
Auditor: Maillie LLP

Organization Exclusion Status:

Checking exclusion status...

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
84.010 Title I Grants to Local Educational Agencies $618,020 - 0
10.555 National School Lunch Program $387,365 - 0
84.027 Special Education_grants to States $139,441 - 0
10.553 School Breakfast Program $68,445 - 0
84.424 Student Support and Academic Enrichment Program $47,600 - 0
84.367 Improving Teacher Quality State Grants $42,069 - 0
84.425 Education Stabilization Fund $19,622 Yes 0

Contacts

Name Title Type
MRTENEYHUYG9 Michael Danyo Auditee
8565051300 Michael J. Gentile Auditor
No contacts on file

Notes to SEFA

Title: A - Organization and Scope Accounting Policies: The schedule of expenditures of federal awards is presented using the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The federal programs as listed in the schedule of expenditures of fedeal awards accounted for by the School in the General Fund for U.S. Department of Agriculture programs
Title: B - Basis of Accounting Accounting Policies: The schedule of expenditures of federal awards is presented using the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is described in Note A to the School's basic financial statements.
Title: C - Donated Foods Accounting Policies: The schedule of expenditures of federal awards is presented using the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. Donated Foods were valued according to cost estimates provided by the U.S. Department of Agriculture.
Title: D - Program Disclosures Accounting Policies: The schedule of expenditures of federal awards is presented using the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. U.S Department of Education - Funds passed through the Pennsylvania Department of Education under Title I Grants to Local Educational Agencies are used primarily to provide education to economically disadvantaged children. Funds received under other grants are used to support instructional programs.
Title: D - Program Disclosures Accounting Policies: The schedule of expenditures of federal awards is presented using the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. U.S. Department of Agriculture - Funds passed through the Pennsylvania Departments of Education and Agriculture are used to provide nutritional meals to economically disadvantaged children.
Title: E - Indirect Cost Rates Accounting Policies: The schedule of expenditures of federal awards is presented using the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The School has not elected to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.