Notes to SEFA
Title: EXPENDITURES
Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, expenditures are recorded when the federal obligation is determined.
De Minimis Rate Used: N
Rate Explanation: Child, Inc. did not use the federal de minimis indirect cost rate of 10% on their federal grants for the year ended December 31, 2022. Child, Inc. has an indirect cost rate approved by the United States Department of Health and Human Services Division of Cost Allocation of 16% for the year ended December 31, 2022.
The schedule of expenditures of federal awards reflects federal and state expenditures for all individual grants which were active during the fiscal year.