Audit 39485

Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Quest Preparatory Academy for the year ended June 30, 2022. All federal awards received directly from federal agencies, as well as federal awards passed through from other governmental agencies, are included on the schedule of expenditures of federal awards. The information presented in this schedule is in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements and it is not intended to and does not present the net position, changes in net position or cash flows of Quest Preparatory Academy. Pass-through entity identifying numbers are presented where available. The accompanying Schedule is presented using the accrual basis of accounting, which is described in Note 2 to the financial statements of Quest Preparatory Academy. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.