Notes to SEFA
Title: Basis of Presentation
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 UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. Negative amounts shown on the Schedule, if any, represent adjustments orcredits made in the normal course of business to amounts reported as expenditures in prioryears. Childhelp, Inc. and Affiliates has elected to use the 10 percent de minims indirect costrate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes thefederal grant activity of Childhelp, Inc. and Affiliates under programs of the federalgovernment for the year ended June 30, 2022. The information in this Schedule is presentedin accordance with the requirements of 2 CFR Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations ofChildhelp, Inc. and Affiliates, it is not intended to and does not present the financial position,changes in net assets, or cash flows of Childhelp, Inc. and Affiliates.
Title: Subrecipients
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 UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. Negative amounts shown on the Schedule, if any, represent adjustments orcredits made in the normal course of business to amounts reported as expenditures in prioryears. Childhelp, Inc. and Affiliates has elected to use the 10 percent de minims indirect costrate as allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.
There were no sub-recipient payments during the year ended June 30, 2022.