Audit 50111

Title: ASSISTANCE LISTINGS NUMBERS Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes thefederal award activity of Acorn Montessori Charter School, Inc. (Acorn), under programs of thefederal government for the year ended June 30, 2022. The information in this Schedule ispresented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (Uniform Guidance).Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures 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.Therefore, some amounts presented in this schedule may differ from amounts presented in, orused in the preparation of, the financial statements. Because the Schedule presents only aselected portion of the operations of the School, it is not intended to and does not present thefinancial position or changes in fund balance or net position of Acorn. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate. The program titles and assistance listings numbers were obtained from the federal or passthroughgrantor or SAM.gov.