Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. 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.
De Minimis Rate Used: N
Rate Explanation: The Department does not use the 10% de minimis indirect cost rate as the Department is not allowed to per the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) for the year ended June 30, 2024 includes the federal award activity of the Department of Education (the “DOE”), the Hawaii State Public Library System (the “HSPLS”), and certain Hawaii State Public Charter Schools (the “HSPCS”) where the DOE prepares the Schedule, based on information provided by HSPLS and HSPCS, to combine federal financial data for the three departments, in aggregate known as the Department. 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 the Department, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Department.
The following is a summary of the HSPCS entities that obtained separate audits performed in accordance with the Uniform Guidance, including separate Uniform Guidance submissions to the Federal Audit Clearinghouse:
Connections Public Charter School
Hawaiʻi Academy of Arts and Science Public Charter School
Hawaiʻi Technology Academy
Ka ʻUmeke Kāʻeo Hawaiian Immersion Public Charter School
Ka Waihona O Ka Na‘auao Public Charter School
Kamaile Academy
Kanu O Ka ‘Āina New Century Public Charter School
Ke Kula ‘O Nāwahīokalani‘ōpu‘u lki LPCS
Kualapuʻu School
Laupāhoehoe Community Public Charter School
State Public Charter School Commission
The Volcano School of Arts and Sciences Public Charter School
Waimea Middle School
Awards listed in these separately issued Uniform Guidance submissions, with federal expenditures aggregating to approximately $17,684,000 for the year ended June 30, 2024, are not included in the accompanying Schedule.
Title: 2. Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. 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.
De Minimis Rate Used: N
Rate Explanation: The Department does not use the 10% de minimis indirect cost rate as the Department is not allowed to per the Uniform Guidance.
Expenditures reported on the Schedule are reported on the cash basis of accounting. 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: 3. Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the cash basis of accounting. 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.
De Minimis Rate Used: N
Rate Explanation: The Department does not use the 10% de minimis indirect cost rate as the Department is not allowed to per the Uniform Guidance.
The Department does not use the 10% de minimis indirect cost rate as the Department is not allowed to per the Uniform Guidance.