Title: NOTE C PASS-THROUGH ENTITY NUMBERS
Accounting Policies: The schedule includes the federal award activity of the Horizon Science Academy Youngstown under programs of the federal government for the fiscal year ended June 30, 2022 and is prepared in accordance with the accrual basis of accounting. The information on this schedule is prepared in accordance with the requirements of Title 2 US 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 the Horizon Science Academy Youngstown, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Horizon Science Academy Youngstown.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
OAKS did not assign pass-through numbers for fiscal year 2022.
Title: NOTE D CHILD NUTRITION CLUSTER
Accounting Policies: The schedule includes the federal award activity of the Horizon Science Academy Youngstown under programs of the federal government for the fiscal year ended June 30, 2022 and is prepared in accordance with the accrual basis of accounting. The information on this schedule is prepared in accordance with the requirements of Title 2 US 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 the Horizon Science Academy Youngstown, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Horizon Science Academy Youngstown.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Commingled with state and local revenue from sales of breakfasts and lunches; assumed expenditures were made on a first-in, first-out basis.
Title: NOTE E TRANSFERS TO SCHOOL WIDE BUILDING PROGRAM
Accounting Policies: The schedule includes the federal award activity of the Horizon Science Academy Youngstown under programs of the federal government for the fiscal year ended June 30, 2022 and is prepared in accordance with the accrual basis of accounting. The information on this schedule is prepared in accordance with the requirements of Title 2 US 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 the Horizon Science Academy Youngstown, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Horizon Science Academy Youngstown.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following amounts were transferred to the Schoolwide Building Program Fund based on ODE administrative action and transferability guidelines during fiscal year 2022:$696,715 from Schoolwide Building Program Fund and $476,139 to Title I LEAs, $20,025 to Title I Non-Competitive, $16,076 to Title I Expanding Opportunities, $106,374 to Special Education - Grants to States, $4,749 to Special Education - Preschool Grants, $36,883 to Supporting Effective Education, and $36,469 to Student Support and Academic Enrichment.
Title: NOTE F PASS THROUGH FUNDS
Accounting Policies: The schedule includes the federal award activity of the Horizon Science Academy Youngstown under programs of the federal government for the fiscal year ended June 30, 2022 and is prepared in accordance with the accrual basis of accounting. The information on this schedule is prepared in accordance with the requirements of Title 2 US 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 the Horizon Science Academy Youngstown, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Horizon Science Academy Youngstown.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Horizon Science Academy Youngstown was awarded federal program allocations to be administered on their behalf by the Horizon Science Academy Lorain. For 2022, the Horizon Science Academy Youngstown received a $2,554 allocation for the English Language Acquisition State Grant (ALN 84.365A) that was administered by the Horizon Science Academy Lorain.