Audit 2688

Title: Note A Basis of Presentation Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant activity of Child Advocates of Nevada County and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of basic financial statements. De Minimis Rate Used: Y Rate Explanation: NONE The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant activity of Child Advocates of Nevada County and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of basic financial statements. The Organization did elect to use the ten percent (10%) de minimis indirect cost rate.

Title: NOTE B Preaward Costs Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant activity of Child Advocates of Nevada County and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of basic financial statements. De Minimis Rate Used: Y Rate Explanation: NONE Although the accompanying Schedule of Expenditures of Federal Awards (SEFA) is presented on the accrual basis of accounting, expenses incurred in a pre-award period were not billable to the grant at June 30, 2022. These expenditures were reported as incurred for the financial statement purposes at June 30, 2022, but were not included on the SEFA. The expenditures were chargeable to the grant in the fiscal year ended June 30, 2023. The Maternal, Infant and Early Childhood Home Visiting Program contract covers a two-year period ended September 30, 2022. In the statement of functional expenses there were $30,072 in costs related to costs that could not be billed in the period ended June 30, 2022 and were therefore excluded from the Schedule of Expenditures of Federal Awards for that year. These expenses were allowable in the contract for the period of July 1, 2022 to September 30, 2022 and were therefore reported as revenues and federal awards expended the fiscal year ended June 30, 2023.