Notes to SEFA
Title: Note 3: Relationships to Basic Financial Statements
Accounting Policies: The accompanying Schedule of Expenditures of capital Federal Awards (the schedule) presents the expenditures of all federal awards of Warren Easton Charter High School Foundation, Inc. and Affiliate (the Organizations) (nonprofit organizations) for the year ended June 30, 2022. 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 Principals, 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 basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organizations have not elected to use the 10% de minimis indirect rate allowed under the Uniform Guidance.
Federal Awards revenues reported in the Organizations' basic consolidated financial statements reconcile to federal award expenditures as follows: (See Table In Report)
Title: Note 4: Loans
Accounting Policies: The accompanying Schedule of Expenditures of capital Federal Awards (the schedule) presents the expenditures of all federal awards of Warren Easton Charter High School Foundation, Inc. and Affiliate (the Organizations) (nonprofit organizations) for the year ended June 30, 2022. 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 Principals, 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 basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organizations have not elected to use the 10% de minimis indirect rate allowed under the Uniform Guidance.
The Organizations did not expend federal awards related to loans or loan guarantees during the year.
Title: Note 5: Federal Funded Insurance
Accounting Policies: The accompanying Schedule of Expenditures of capital Federal Awards (the schedule) presents the expenditures of all federal awards of Warren Easton Charter High School Foundation, Inc. and Affiliate (the Organizations) (nonprofit organizations) for the year ended June 30, 2022. 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 Principals, 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 basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organizations have not elected to use the 10% de minimis indirect rate allowed under the Uniform Guidance.
The Organizations have no federally funded insurance.
Title: Note 6: Noncash Assistance
Accounting Policies: The accompanying Schedule of Expenditures of capital Federal Awards (the schedule) presents the expenditures of all federal awards of Warren Easton Charter High School Foundation, Inc. and Affiliate (the Organizations) (nonprofit organizations) for the year ended June 30, 2022. 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 Principals, 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 basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organizations have not elected to use the 10% de minimis indirect rate allowed under the Uniform Guidance.
The Organizations received no noncash assistance.