Notes to SEFA
Title: 1. 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.
De Minimis Rate Used: Y
Rate Explanation: Para Los Niños has elected to use the 10% de minimis cost rate unless a different indirect cost rate was negotiated with the pass-through entity funders.
Basis of Presentation - The accompanying schedule of expenditures of federal and non-federal awards (Schedule) includes the federal award activity of Para Los Niños 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 Para Los Niños, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Para Los Niños.
Title: 2. Summary of Significant Accounting Policies
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.
De Minimis Rate Used: Y
Rate Explanation: Para Los Niños has elected to use the 10% de minimis cost rate unless a different indirect cost rate was negotiated with the pass-through entity funders.
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.
Title: 3. Indirect Cost Rate
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.
De Minimis Rate Used: Y
Rate Explanation: Para Los Niños has elected to use the 10% de minimis cost rate unless a different indirect cost rate was negotiated with the pass-through entity funders.
Para Los Niños has elected to use the 10% de minimis cost rate unless a different indirect cost rate was negotiated with the pass-through entity funders.
Title: 4. Local Share Contributions (Non-Federal Share)
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.
De Minimis Rate Used: Y
Rate Explanation: Para Los Niños has elected to use the 10% de minimis cost rate unless a different indirect cost rate was negotiated with the pass-through entity funders.
The non-cash assistance related to the Head Start contract C-21543 was as follows: Head Start Basic $864,186, Head Start - T&TA $2,400, Head Start - Dosage $38,710, Head Start - Duration Expansion $12,720, Early Head Start Basic $155,075, Early Head Start Expansion - CCP $317,000