Notes to SEFA
Title: Loans Outstanding
Accounting Policies: The accompanying schedule of federal awards includes the federal grant activity of Butte Community Coordinated Child Care, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or use in, the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Butte Community Coordinated Child Care, Inc. had no outstanding general loan balances at September 30, 2022.
Title: Sub-Recipients
Accounting Policies: The accompanying schedule of federal awards includes the federal grant activity of Butte Community Coordinated Child Care, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or use in, the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal expenditures presented in the schedule, Butte Community Coordinated Child Care, Inc. provided no federal awards to subrecipients.