Notes to SEFA
Title: Note 1
Accounting Policies: Expenditures 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. Pass-through entity identifying numbers
are presented where available.
De Minimis Rate Used: Y
Rate Explanation: Maine Children's Trust has elected to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
grant activities of Maine Children's Trust under the programs of the federal government for the
year ended June 30, 2023. The information in this schedule is presented in accordance with the
requirements of the Title 2
U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and
Audit Requirements of Federal Awards (Uniform Guidance). Because the schedule presents only a
selected
ren's Trust, it is not intended to and does not present the financial
position, changes in net assets or cash flows of Maine Children's Trust.
Title: Note 2
Accounting Policies: Expenditures 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. Pass-through entity identifying numbers
are presented where available.
De Minimis Rate Used: Y
Rate Explanation: Maine Children's Trust has elected to use the 10% de minimis indirect cost rate as allowed under the
Uniform Guidance.
Expenditures 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 through entity identifying numbers
are presented where available.