Notes to SEFA
The schedule of expenditures of federal awards presents the activity of all federal award programs for the School for the year ended June 30, 2024. Because the schedule presents only a selected portion of the operations of the School, it is not intended to and does not present the financial position or changes in net position of the School. The schedule of expenditures of federal awards is prepared on the accrual basis of accounting. The School has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.