Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Orion Academy (the Academy) under programs of the federal government for the year ended June 30, 2025. The information on this Schedule is prepared 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 Academy it is not intended to and does not present the financial position, changes in net position, or cash flows of the Academy.
Expenditures reported on the Schedule are reported on the cash basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. The Academy has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Academy commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the Academy assumes it expends federal monies first.
The Academy reports commodities consumed on the Schedule at the entitlement value. The Academy allocated donated food commodities to the respective program that benefitted from the use of those donated food commodities.
During the fiscal year 2025 the Academy made allowable transfers of $44,926 from the Student Support and Academic Enrichment Program (84.424) to the Supporting Effective Instruction State Grants program (84.367). The following table shows the gross amount drawn for the programs during fiscal year 2025: Program Title Federal ALN Number Amount Supporting Effective Instruction State Grants 84.367 $ 49,461 Transfer From Student Support and Academic Enrichment P 84.424 44,926 Total Supporting Effective Instruction State Grants $ 94,387 Student Support and Academic Enrichment Program 84.424 $ 44,926 Transfer to Supporting Effective Instruction State Grants 84.367 (44,926) Total Student Support and Academic Enrichment Program $ -