Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Manhattan Christian College and Affiliates. The information in this schedule is present in accordance with the requirements of Title 2 U.S. Code of Federal Regulation (CFR) Part 200, Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of operations of the College, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the College.
The schedule of expenditures of federal awards is presented on the accrual basis of accounting.
The College did not elect to use the de minimis cost rate.
There are no subrecipients to the federal awards of Manhattan Christian College and Affiliates.
The College is operating under the Provisional Certification Alternative for failure to meet the Department of Education’s standards for financial responsibility. The College must comply with all of the requirement specified for the Provisional Certification Alternative use the Zone Alternative. During the fiscal year ending June 30, 2025, the College was under the Heightened Cash Monitoring 1 (HCM 1). As part of the audit procedures, the College’s compliance with HCM 1 was tested, including the administration of the heightened cash monitoring payment methods, disbursing aid and paying out credit balances before requesting reimbursement of Title IV aid funds, and notification requirements. No noncompliance with the requirements was noted.