Audit 41808

Accounting Policies: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (the "Schedule") was prepared by the Director of School Programs and includes the federal award activity of Chief Tahgee Elementary Academy, Inc. under programs of the federal government for the year ended June 30, 2022. 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 Requirement for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Chief Tahgee Elementary Academy, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Chief Tahgee Elementary Academy. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and, wherein certain types of expenditures are not allowable or are limited as to reimbursement. DE MINIMIS INDIRECT COST RATE: Chief Tahgee Elementary Academy has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.