Notes to SEFA
Title: Local Share Contributions (Non-Federal Share)
Accounting Policies: Basis of Presentation - The accompanying schedule of expenditures of federal and non-federal awards (Schedule) includes the federal award activity of Para Los Ni?os under programs of the federal government for the year ended June 30, 2022. 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 for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Para Los Ni?os, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Para Los Ni?os. Summary of Significant Accounting Policies - 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: Para Los Ni?os has elected to use the 10% de minimis cost rate unless a different indirect cost rate was negotiated with the pass-through entity funders.
The non-cash assistance related to the Head Start contract C-21543 was as follows: Head Start Basic $864,186 Head Start - T&TA $2,400 Head Start - Dosage $38,710 Head Start - Duration Expansion $12,720 Early Head Start Basic $155,075 Early Head Start Expansion - CCP $317,000 Total Non-Federal Share Match $1,390,091