Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award
activity of Harvest Power Community Development Group, Inc., dba Harvest Preparatory Academy (the
“School”) for the year ended June 30, 2024. The information in this schedule is presented in accordance
with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because
the Schedule presents only portions of the operations of the School, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of the School.
De Minimis Rate Used: N
Rate Explanation: The school did not use the de minimus cost rate
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award
activity of Harvest Power Community Development Group, Inc., dba Harvest Preparatory Academy (the
“School”) for the year ended June 30, 2024. The information in this schedule is presented in accordance
with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because
the Schedule presents only portions of the operations of the School, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of the School.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award
activity of Harvest Power Community Development Group, Inc., dba Harvest Preparatory Academy (the
“School”) for the year ended June 30, 2024. The information in this schedule is presented in accordance
with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because
the Schedule presents only portions of the operations of the School, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of the School.
De Minimis Rate Used: N
Rate Explanation: The school did not use the de minimus cost rate
Expenditures reported on the Schedule are reported on the accrual 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: NOTE 3 – CATALOG OF FEDERAL ASSISTANCE LISTING NUMBERS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award
activity of Harvest Power Community Development Group, Inc., dba Harvest Preparatory Academy (the
“School”) for the year ended June 30, 2024. The information in this schedule is presented in accordance
with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because
the Schedule presents only portions of the operations of the School, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of the School.
De Minimis Rate Used: N
Rate Explanation: The school did not use the de minimus cost rate
The program titles and FAL numbers were obtained from the pass-through grantor, Arizona Department of
Education. When there was no federal contract number available, the School’s identification number was
utilized.
Title: NOTE 4 – CLUSTER OF PROGRAMS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award
activity of Harvest Power Community Development Group, Inc., dba Harvest Preparatory Academy (the
“School”) for the year ended June 30, 2024. The information in this schedule is presented in accordance
with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because
the Schedule presents only portions of the operations of the School, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of the School.
De Minimis Rate Used: N
Rate Explanation: The school did not use the de minimus cost rate
Clusters of programs are groupings of closely related programs that share common compliance
requirements. A cluster of programs is considered one program for determining major programs. The
following programs were considered a cluster for purposes of our audit:
Child Nutrition Cluster:
CFDA#
National School Lunch Program 10.555
Summer Food Service Program for Children 10.559
20