Notes to SEFA
The Schedule of Expenditures of Federal Awards is prepared on the regulatory basis of accounting prescribed by Arkansas Code Annotated §10-4-413(c), as set forth in the Arkansas Department of Education Rules Governing the Regulatory Basis of Accounting.
The Charter School's restricted indirect cost rate was 3.47% for federal awards, where applicable.
Reconciliation of the Schedule of Expenditures and Federal Awards to the Federal Assistance on the Statement of Revenues, Expenditures, and Fund Balances. Total Expenditures of Federal Awards as presented on the SEFA $ 759,189 Federal Funds received in a PY but spent in CY Title IV, Part A, Subpart I 84.424A (22,757) COVID-19 Supply Chain Assistance 2024 10.555 (41,907) Federal Funds received in a CY but not spent in CY School Health Incentive 93.079 30 ESEA, Title I, Part A - Improving Basic Programs 84.010 500 Federal Assistance on Statement of Revenues, Expenditures, and Changes in Fund Balance $ 695,055