Audit 333764

Title: GRANT AUDITOR’S REPORT Accounting Policies: The accompanying schedule of federal awards (the “Schedule”) includes the federal grant activity of Inkster Preparatory Academy under programs of the federal government for the year ended June 30, 2024. Expenditures reported on the Schedule are reported on the same basis of accounting as the general purpose financial statements. 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 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 general purpose financial statements. Because the Schedule presents only a selected portion of the operations of Inkster Preparatory Academy, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows, if applicable, of of Inkster Preparatory Academy. Pass-through entity identifying numbers are presented where available De Minimis Rate Used: N Rate Explanation: Management has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance Management has utilized the Cash Management System (CMS) Grant Auditor’s Report to prepare the schedule of expenditure for federal awards. There were no exceptions due to the timing of cash receipts.