Notes to SEFA
Accounting Policies: Note 1. Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Child Care Action Council of Thurston County 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 US 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 Child Care Action Council of Thurston County, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Child Care Action Council of Thurston County.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Note 2. Significant Accounting PoliciesExpenditures 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. Child Care Action Council of Thurston County has elected not to use the 10 percent de minimus indirect cost rate allowed under the Uniform Guidance as the State and Local funding provides for a 10 percent indirect cost rate.