Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards and state financial assistance includes the federal and state grant activity of the School and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the
requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance) and Rules of the Auditor General of the State of Florida, Chapter 10.650, Florida Single Audit Act Audits.
De Minimis Rate Used: N
Rate Explanation: For the year ended June 30, 2024, the School did not elect to use the 10% de minimis indirect cost rate.