Notes to SEFA
Title: Note 1:
Accounting Policies: The schedule of expenditures of federal awards and state financial assistance includes the federal and state grant
activity and is presented in accordance with the requirements of the State of Tennessee. The schedule is prepared using the
accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10-percent de minimum indirect cost rate.
The schedule of expenditures of federal awards and state financial assistance includes the federal and state grant
activity and is presented in accordance with the requirements of the State of Tennessee. The schedule is prepared using the
accrual basis of accounting.
Title: Note 2:
Accounting Policies: The schedule of expenditures of federal awards and state financial assistance includes the federal and state grant
activity and is presented in accordance with the requirements of the State of Tennessee. The schedule is prepared using the
accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10-percent de minimum indirect cost rate.
The School passed-through $-0- to subrecipients for the year ended June 30, 2024.
Title: Note 3:
Accounting Policies: The schedule of expenditures of federal awards and state financial assistance includes the federal and state grant
activity and is presented in accordance with the requirements of the State of Tennessee. The schedule is prepared using the
accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The School has elected not to use the 10-percent de minimum indirect cost rate.
The School has elected not to use the 10-percent de minimum indirect cost rate.