Title: BASIS OF PRESENTATION
Accounting Policies: NOTE 1: BASIS OF PRESENTATION - The accompanying schedule of expenditures of federal awards includes the federal award activity of KIPP Metro Atlanta Collaborative, Inc. under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because this schedule presents only a selected portion of the operations of the Organization KIPP Metro Atlanta Collaborative, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
NOTE 2: 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee is not a prime recipient on any of their federal awards and thus has a negotiated cost rate with the awarding organization.
The accompanying schedule of expenditures of federal awards includes the federal award activity of KIPP Metro Atlanta Collaborative, Inc. under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because this schedule presents only a selected portion of the operations of the Organization KIPP Metro Atlanta Collaborative, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: NOTE 1: BASIS OF PRESENTATION - The accompanying schedule of expenditures of federal awards includes the federal award activity of KIPP Metro Atlanta Collaborative, Inc. under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because this schedule presents only a selected portion of the operations of the Organization KIPP Metro Atlanta Collaborative, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
NOTE 2: 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee is not a prime recipient on any of their federal awards and thus has a negotiated cost rate with the awarding organization.
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: INDIRECT COST RATE
Accounting Policies: NOTE 1: BASIS OF PRESENTATION - The accompanying schedule of expenditures of federal awards includes the federal award activity of KIPP Metro Atlanta Collaborative, Inc. under programs of the federal government for the year ended June 30, 2023. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because this schedule presents only a selected portion of the operations of the Organization KIPP Metro Atlanta Collaborative, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
NOTE 2: 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee is not a prime recipient on any of their federal awards and thus has a negotiated cost rate with the awarding organization.
KIPP Metro Atlanta Collaborative, Inc. has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.