Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Inwood Academy for Leadership Charter School under programs of the federal government for the year ended June 30, 2025. 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 School, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the School.
School has evaluated subsequent events occurring after the financial statement’s date of June 30, 2025 through October 29, 2025, except for the report on the supplemental schedule of expenditures of federal awards, for which the subsequent event’s date is March 3, 2026, which is the date these financial statements were available to be issued. No events arose during those periods that would require adjustments or additional disclosures.