Title: Basis of preparation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Portable Practical Educational Preparation, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Portable Practical Educational Preparation, Inc. used the federally negotiated indirect cost rate of 18.71%.
The accompanying schedule of expenditures of federal and other governmental awards (the Schedule) includes the federal and other governmental award activity of Portable Practical Educational Preparation, Inc. under programs of the federal and other governments for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Portable Practical Educational Preparation, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Portable Practical Educational Preparation, Inc.
Title: Classification of federal awards
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Portable Practical Educational Preparation, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Portable Practical Educational Preparation, Inc. used the federally negotiated indirect cost rate of 18.71%.
For purposes of classifying federal awards as either Type A or Type B, the following Assistance Listing Numbers were considered to be clusters: ?CHILD NUTRITON CLUSTER Assistance Listing Numbers 10.553, 10.555, 10.556, 10.559 and 10.579.?CDBG ENTITLEMENT GRANTS CLUSTER Assistance Listing Numbers 14.218 and 14.225.?WIOA CLUSTER - CFDA Numbers 17.258, 17.259, and 17.278.?SPECIAL EDUCATION CLUSTER Assistance Listing Numbers 84.027 and 84.173.?477 CLUSTER Assistance Listing Numbers 93.558, 93.569, 93.575, 93.594, 93.596, 15.025, 15.026, 15.113, 15.114, 15.130, 17.265.?MEDICAID CLUSTER Assistance Listing Numbers 93.775, 93.777, 93.778.
Title: Other contracts
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Portable Practical Educational Preparation, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Portable Practical Educational Preparation, Inc. used the federally negotiated indirect cost rate of 18.71%.
In the event that the grantor was either unable to or did not confirm the source of federal funds all amounts were assumed to be federal for purposes of the schedule of expenditures of federal awards.
Title: Major programs
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Portable Practical Educational Preparation, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Portable Practical Educational Preparation, Inc. used the federally negotiated indirect cost rate of 18.71%.
Major programs are identified in the Summary of Auditor's Results section of the Schedule of Findings and Questioned Costs.
Title: Reconciliation of schedule of expenditures of federal awards to statement o
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Portable Practical Educational Preparation, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Portable Practical Educational Preparation, Inc. used the federally negotiated indirect cost rate of 18.71%.
Total Federal expenditures SEFA $14,687,522, plus total non-federal expenditures SEFA $70,398,011, plus Arizona Department of Economic Security DDD vendor contracts $8,172,857, equals total governmental financial assistance statement of activities $93,258,390.
Title: Schoolwide programs
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Portable Practical Educational Preparation, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Portable Practical Educational Preparation, Inc. used the federally negotiated indirect cost rate of 18.71%.
One of the charter schools operates a schoolwide program. Using federal funding, schoolwide programs are designed to upgrade an entire educational program within a school for all students, rather than limit services to certain targeted students. The following federal program amounts were expended by the charter school in its schoolwide program: Title I (ALN 84.010) $2,459,047 and Title II (ALN 84.367) $342,678.