Notes to SEFA
Title: BASIS OF PRESENTATION
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: KIPP Metro Atlanta Collaborative, Inc. has not elected to use the 10-percent de minimis indirect cost
rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards includes the federal award activity of
KIPP Metro Atlanta Collaborative, Inc. under programs of the federal government for the year ended
June 30, 2024. 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 (Uniform Guidance). Because this
schedule presents only a selected portion of the operations of the Organization KIPP Metro Atlanta
Collaborative, Inc., it is not intended to and does not present the financial position, changes in net
assets, or cash flows of the Organization.