Notes to SEFA
Accounting Policies: The SEFA includes the federal grant activity of The Delta Academy for the year ended June 30, 2022. All federal awards received directly from federal agencies, as well as federal awards passed through from other governmental agencies, are included on the SEFA. The information presented in this schedule is in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements and it is not intended to and does not present the net position, changes in net position or cash flows of The Delta Academy.Pass-through entity identifying numbers are presented where available. The SEFA 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.