Notes to SEFA
Title: SUBRECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes federal grant activity of Middle Georgia Center for Academic Excellence, Inc. (the “Center”) and is presented on the accrual basis of accounting. This method is consistent with the method used in the preparation of the Center’s financial statements.
De Minimis Rate Used: N
Rate Explanation: The Center did not use the 10% de minimis cost rate for the year ended August 31, 2024.
No grant funds were passed through to subrecipients during the year ended August 31, 2024.