Title: General
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the
federal grant activity of Avoyelles Public Charter School, 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 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 Avoyelles
Public Charter School, it is not intended to and does not present the financial position, changes in net
position, or cash flows of Avoyelles Public Charter School.
De Minimis Rate Used: N
Rate Explanation: Entity elected not to use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the
federal grant activity of Avoyelles Public Charter School, 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 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 Avoyelles
Public Charter School, it is not intended to and does not present the financial position, changes in net
position, or cash flows of Avoyelles Public Charter School.
Title: Basis of Accounting
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the
federal grant activity of Avoyelles Public Charter School, 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 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 Avoyelles
Public Charter School, it is not intended to and does not present the financial position, changes in net
position, or cash flows of Avoyelles Public Charter School.
De Minimis Rate Used: N
Rate Explanation: Entity elected not to use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards is presented using the
modified accrual basis of accounting, which is described in Note 1 to the School Board’s basic
financial statements for the year ended June 30, 2024. 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.
Title: Indirect Costs Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the
federal grant activity of Avoyelles Public Charter School, 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 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 Avoyelles
Public Charter School, it is not intended to and does not present the financial position, changes in net
position, or cash flows of Avoyelles Public Charter School.
De Minimis Rate Used: N
Rate Explanation: Entity elected not to use the de minimis cost rate.
The Charter School has elected not to use the 10 percent de minimis indirect cost rate allowed
under Uniform Guidance.