Notes to SEFA
Title: Payments to Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Child Care Resource and Referral Network under programs of the federal government for the year ended June 30, 2023. 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 of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Child Care Resource and Referral Network, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Child Care Resource and Referral Network. Expenditures reported on the Schedule are reported on the accrual 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.
De Minimis Rate Used: Y
Rate Explanation: Child Care Resource & Referral Network has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance
There were no payments made to subrecipients.
Title: Loans and Loan Guarantees
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Child Care Resource and Referral Network under programs of the federal government for the year ended June 30, 2023. 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 of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Child Care Resource and Referral Network, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Child Care Resource and Referral Network. Expenditures reported on the Schedule are reported on the accrual 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.
De Minimis Rate Used: Y
Rate Explanation: Child Care Resource & Referral Network has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance
There were no loans or loan guarantees outstanding at year-end.
Title: Insurance in Force
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of Child Care Resource and Referral Network under programs of the federal government for the year ended June 30, 2023. 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 of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Child Care Resource and Referral Network, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Child Care Resource and Referral Network. Expenditures reported on the Schedule are reported on the accrual 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.
De Minimis Rate Used: Y
Rate Explanation: Child Care Resource & Referral Network has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance
There was no insurance in force paid with federal funds.