Title: General
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Innovations International Charter School of Nevada for the year ended June 30,
2024. All federal awards received directly from federal agencies, as well as federal awards passed through from other governmental agencies, are included on the schedule of expenditures of federal
awards. The information presented 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). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements and it is not intended to and does not present the net position, changes in net position of Innovations International Charter School of Nevada.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Innovations International Charter School of Nevada has elected not to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Innovations International Charter School of Nevada for the year ended June 30,
2024. All federal awards received directly from federal agencies, as well as federal awards passed through from other governmental agencies, are included on the schedule of expenditures of federal
awards. The information presented 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). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements and it is not intended to and does not present the net position, changes in net position of Innovations International Charter School of Nevada.
Pass-through entity identifying numbers are presented where available.
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Innovations International Charter School of Nevada for the year ended June 30,
2024. All federal awards received directly from federal agencies, as well as federal awards passed through from other governmental agencies, are included on the schedule of expenditures of federal
awards. The information presented 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). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements and it is not intended to and does not present the net position, changes in net position of Innovations International Charter School of Nevada.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Innovations International Charter School of Nevada has elected not to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is described in Note 1 to the financial statements of the Innovations International Charter School of Nevada.
Title: Indirect Costs
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Innovations International Charter School of Nevada for the year ended June 30,
2024. All federal awards received directly from federal agencies, as well as federal awards passed through from other governmental agencies, are included on the schedule of expenditures of federal
awards. The information presented 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). Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements and it is not intended to and does not present the net position, changes in net position of Innovations International Charter School of Nevada.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Innovations International Charter School of Nevada has elected not to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.
Innovations International Charter School of Nevada has elected not to use the 10% de minimis indirect cost rate as allowed in the Uniform Guidance, Section 414.