Notes to SEFA
Title: Note A Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the cash 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. TCS has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: TCS has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of The Charles School at Ohio Dominican University (TCS) 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 Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of TCS, it is not intended to and does not present the financial position, changes in net position, or cash flows of TCS.
Title: Note C Child Nutrition Cluster
Accounting Policies: Expenditures reported on the Schedule are reported on the cash 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. TCS has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: TCS has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
TCS commingles cash receipts from the U.S. Department of Agriculture with similar State grants. When reporting expenditures on this Schedule, the School assumes it expends federal monies first.
Title: Note D Food Donation Program
Accounting Policies: Expenditures reported on the Schedule are reported on the cash 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. TCS has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: TCS has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
TCS reports commodities consumed on the Schedule at the entitlement value. TCS allocated donated food commodities to the respective programs that benefitted from the use of those donated food commodities.
Title: Note E Transfers Between Program Years
Accounting Policies: Expenditures reported on the Schedule are reported on the cash 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. TCS has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: TCS has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
TCS generally must spend Federal assistance within 15 months of receipt. However, with Ohio Department of Education (ODE) approval, a School can transfer (carryover) unspent Federal assistance to the succeeding year, thus allowing the School a total of 27 months to spend the assistance. During fiscal year 2022, the ODE authorized the following transfers: ALN Number / Grant Title"GrantYear""TransferOut""TransferIn"84.010A Title I Grants to Local Educational Agencies2021 $22,601 84.010A Title I Grants to Local Educational Agencies2022 $22,601 84.010A Expanding Opportunities for Each Child Non-Competitive Grant2021 4,191 84.010A Expanding Opportunities for Each Child Non-Competitive Grant2022 4,191 84.010A School Quality Improvement Grant2021 63,597 84.010A School Quality Improvement Grant2022 63,597 84.367A Title II-A Improving Teacher Quality2021 49,925 84.367A Title II-A Improving Teacher Quality2022 49,925 84.424A Title IV-A Student Support and Academic Enrichment2021 52 84.424A Title IV-A Student Support and Academic Enrichment2022 52 21.019 Broadband Connectivity2021 18,296 21.019 Broadband Connectivity2022 18,296 21.019 Suburban School Districts2021 497 21.019 Suburban School Districts2022 497 $159,159 $159,159