Notes to SEFA
Title: Note 2 Reconciliation of accrued (deferred) revenue at July 1, 2022 to prior year Schedule of Expenditures of Federal Awards (SEFA):
Accounting Policies: The schedule of expenditures of federal awards presents the activity of all federal award programs for CAIU for the year ended June 30, 2023. Because the schedule presents only a selected portion of the operations of CAIU, it is not intended to, and does not, present the financial position or changes in net position (deficit) of CAIU. The accompanying schedule of expenditures of federal awards is prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: CAIU has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Beginning balance prior to adjustment $(675,216)
Emergency Assistance to Non-Public Schools (EANS) 84.425R
expenses should not have been included in the June 30, 2022 SEFA (53,940)
Emergency Assistance to Non-Public Schools (EANS) 84.425V
expenses should not have been included in the June 30, 2022 SEFA (390)
ALN 84.424 expenses should have been included
in the June 30, 2022 SEFA 18,000
Adjusted deferred revenue as of July 1, 2023 $(711,546)