Notes to SEFA
Accounting Policies: Note 1 - Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grantactivities of Maine Children's Trust under the programs of the federal government for the year ended June30, 2022. The information in this schedule is presented in accordance with the requirements of the Title 2U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles andAudit Requirements of Federal Awards (Uniform Guidance). Because the schedule presents only a selectedportion of the operations of Maine Children's Trust, it is not intended to and does not present the financialposition, changes in net assets or cash flows of Maine Children's Trust.Note 2 - Summary of Significant Accounting PoliciesExpenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following the cost principles contained in the Uniform Guidance, wherein certain types ofexpenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbersare presented where available.Note 3 - Subrecipient AgreementsOf the expenditures presented in the Schedule of Expenditures of Department Agreements, MaineChildren's Trust, Inc. provided awards to subrecipients in the amount of $6,343,673 and $163,457 from theMaternal, Infant, and Early Childhood Home Visiting Cluster (award number CDO-21-4230C) and Title IVEPrevention Program (award number CDO-21-4230C), respectively.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.