Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the Federal activity of the School under programs of the Federal Government for the fiscal year ended June 30, 2023. The
information in the Schedule is presented in accordance with the requirements of 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 position, or cash flows of the School.
De Minimis Rate Used: Y
Rate Explanation: The School has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.