Notes to SEFA
Title: NOTE 3. SUB-RECIPIENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards include the federal grant activities of the School during is fiscal year 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. Therefore, some amounts presented int his schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The School did nt elect to use the 10-percent de minimis indirect cost rate.
During the year ended June 30, 2024, the School had no sub-recipients.
Title: NOTE 4. NONCASH ASSISTANCE AND OTHER
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards include the federal grant activities of the School during is fiscal year 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. Therefore, some amounts presented int his schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The School did nt elect to use the 10-percent de minimis indirect cost rate.
The School did not receive any noncash assistance, federal loans, or federally funded insurance during the year ended June 30, 2024.