Audit 7170

Title: BASIS OF PRESENTATION Accounting Policies: All Federal grant operations of Capital City Public Charter SchoolInc. (CCPCS) are includedin the scope of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for FederalAwards (the SingleAudit). The Single Audit was performed in accordance with the provisions of the Office of Management and Budget (OMB) Compliance Supplement (the Compliance Supplement). Compliance testing of all requirements, as described in the Compliance Supplement, was performed for the major grant programsnoted below. The programs on the schedule ofexpenditures of Federal awards (the Schedule)represents all Federal award programs with fiscal year 2023 cash or non-cash expenditure activities. For Single Audit testing, we tested to ensure coverage of at least 20% of Federally granted funds. Actual coverageis 60%.The major program tested is listed below. De Minimis Rate Used: N Rate Explanation: CCPCShas elected not to use the 10-percent deminimis indirect cost rate as allowed underthe Uniform Guidance. The accompanying Schedule includes the Federal award activity ofCCPCS presented on theaccrual basis ofaccounting. The information in the Schedule is presented in accordance with the requirements of the cost principles contained in the Single Audit.