FAC Explorer

Audit 337363

FY End
2024-06-30
Total Expended
$17.21M
Findings
0
Programs
10
Organization: D'arbonne Woods Charter School, Inc. (LA)
Year: 2024 Accepted: 2025-01-13
Auditor: Woodard & Associates (apac)

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
10.780 Community Facilities Loans and Grants $16.10M Yes 0
84.010 Title I Grants to Local Educational Agencies $344,888 - 0
10.553 School Breakfast Program $70,505 - 0
84.367 Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants) $44,414 - 0
10.565 Commodity Supplemental Food Program $32,704 - 0
10.555 National School Lunch Program $32,287 - 0
84.027 Special Education Grants to States $25,311 - 0
84.358 Rural Education $25,000 - 0
84.425 Education Stabilization Fund $5,000 - 0
84.173 Special Education Preschool Grants $1,320 - 0

Contacts

Name Title Type
R8PNRT69Z5E9 Jan Coleman Auditee
3183688051 Cory Atkinson Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes all Federal grant activity of D’Arbonne Woods Charter School, Inc. (the School) for the year ended June 30, 2024 and is presented on the accrual basis of accounting. The accrual basis of accounting recognizes revenues when they are earned and expenses when they are incurred. De Minimis Rate Used: N Rate Explanation: The School elected not to use the de minimis cost rate. The accompanying Schedule of Expenditures of Federal Awards includes all Federal grant activity of D’Arbonne Woods Charter School, Inc. (the School) for the year ended June 30, 2024 and is presented on the accrual basis of accounting. The accrual basis of accounting recognizes revenues when they are earned and expenses when they are incurred.
Title: Reconciliation of Expenditure of U.S. Department of Agriculture Funds Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes all Federal grant activity of D’Arbonne Woods Charter School, Inc. (the School) for the year ended June 30, 2024 and is presented on the accrual basis of accounting. The accrual basis of accounting recognizes revenues when they are earned and expenses when they are incurred. De Minimis Rate Used: N Rate Explanation: The School elected not to use the de minimis cost rate. Federal guidelines require the balance at July 1, 2023 of the USDA Community Facilities Loans and Grants program be given as expenditures on the Schedule of Expenditures of Federal Awards, while the Statement of Financial Position at June 30, 2024, includes this amount in bonds payable, as detailed in Note 10 to the financial statements. See the Notes to the SEFA for chart/table.
Title: Indirect Cost Rate Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes all Federal grant activity of D’Arbonne Woods Charter School, Inc. (the School) for the year ended June 30, 2024 and is presented on the accrual basis of accounting. The accrual basis of accounting recognizes revenues when they are earned and expenses when they are incurred. De Minimis Rate Used: N Rate Explanation: The School elected not to use the de minimis cost rate. The School did not elect to use the 10% de minimis indirect cost rate for the year ended June 30, 2024.