Title: INSURANCE
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 Title 2 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented when applicable and available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.
Insurance coverage for the year ended June 30, 2024 was as follows: Commercial General Liability:
Each occurrence $1,000,000
Damage to rented $1,000,000
Med exp $10,000
Personal & adv injury $1,000,000
General & aggregate $2,000,000
Products – comp/OP AGG $2,000,000 Automobile: Combined single unit $1,000,000 Excess/Umbrella:
Each occurrence $5,000,000
Aggregate $5,000,000 Worker’s Compensation:
Each accident/policy limit $1,000,000
Each employee $1,000,000 Educator’s Legal liability:
Each claim limit $1,000,000
Wrongful act liability $1,000,000
Title: NON-CASH ASSISTANCE
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 Title 2 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented when applicable and available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.
There were no non-cash federal awards during the year ended June 30, 2024
Title: FEDERAL AWARDS IN THE FORM OF LOANS / LOAN GUARANTEES / INTEREST SUBSIDIES
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 Title 2 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented when applicable and available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10 percent de minimis indirect cost rate to recover indirect costs, as allowed under the Uniform Guidance.
There were no federal awards expended in the form of loans, loan guarantees, or interest subsidies at June 30, 2024