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 Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.Wyoming Child & Family Development, Inc. has not elected to use the 10 percent de Minimis indirect cost rate as allowed under the Uniform Guidance.Wyoming Child & Family Development, Inc. made no subrecipient awards during the year ended June 30, 2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Schedule of Expenditures of Federal Awards includes the federal award activity of Wyoming Child & Family Development, Inc. 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 the Corporation, it is not intended to and does not present the financial position of the operations of Wyoming Child & Family Development, Inc., and it is not intended to and does not present the financial position, changes in net assets, or cash flows of Wyoming Child & Family Development, Inc.
Title: General
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.Wyoming Child & Family Development, Inc. has not elected to use the 10 percent de Minimis indirect cost rate as allowed under the Uniform Guidance.Wyoming Child & Family Development, Inc. made no subrecipient awards during the year ended June 30, 2022.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompany Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance programs of Wyoming Child & Family Development, Inc. (the Corporation). All federal assistance received by the Corporation directly from federal agencies, as well as federal financial assistance passed through other government agencies, including the State of Wyoming, is included on the schedule.