Notes to SEFA
Accounting Policies: NOTE A BASIS OF PRESENTATIONThe accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal awardactivity of Phoenix Community Learning Center (the School) under programs of the federal government forthe year ended June 30, 2022. The information on this Schedule is prepared in accordance with therequirements 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 Schedulepresents only a selected portion of the operations of the School, it is not intended to and does not presentthe financial position, changes in net position, or cash flows of the School.NOTE B SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESExpenditures reported on the Schedule are reported on the cash basis of accounting. Such expendituresare recognized following the cost principles contained in Uniform Guidance wherein certain types ofexpenditures may or may not be allowable or may be limited as to reimbursement.NOTE C INDIRECT COST RATEThe School has elected not to use the 10-percent de minimis indirect cost rate as allowed under the UniformGuidance.NOTE D - CHILD NUTRITION CLUSTERThe School commingles cash receipts from the U.S. Department of Agriculture with similar State grants.When reporting expenditures on this Schedule, the School assumes it expends federal monies first.NOTE E SCHOOLWIDE POOLThe following amounts were transferred to the Schoolwide Building Program Fund based on ODEadministrative action and transferability guidelines during fiscal year 2022:Fund ALN Transfer In Transfer OutSchoolwide Building Program Fund N/A $629,119Title I Grants to Local Education Agencies 84.010 $552,274Supporting Effective Instruction State Grants 84.367 37,067Student Support and Academic Enrichment 84.424 39,778Total Schoolwide Pool $629,119 $629,119
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.