Notes to SEFA
Title: GENERAL
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of Methodist Children’s Home (“MCH”) for the year ended June 30, 2023. The reporting entity is defined in the Notes to MCH’s basic financial statements. Federal financial assistance received directly from federal agencies and other agencies are included in the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: MCH has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of Methodist Children’s Home (“MCH”) for the year ended June 30, 2023. The reporting entity is defined in the Notes to MCH’s basic financial statements. Federal financial assistance received directly from federal agencies and other agencies are included in the Schedule of Expenditures of Federal Awards.
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of Methodist Children’s Home (“MCH”) for the year ended June 30, 2023. The reporting entity is defined in the Notes to MCH’s basic financial statements. Federal financial assistance received directly from federal agencies and other agencies are included in the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: MCH has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting. The accrual basis of accounting is described in Note 2 of the financial statements.
Title: PASS-THROUGH EXPENDITURES
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of Methodist Children’s Home (“MCH”) for the year ended June 30, 2023. The reporting entity is defined in the Notes to MCH’s basic financial statements. Federal financial assistance received directly from federal agencies and other agencies are included in the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: MCH has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
None of the federal programs expended by MCH were provided to subrecipients.
Title: INDIRECT COSTS
Accounting Policies: The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of Methodist Children’s Home (“MCH”) for the year ended June 30, 2023. The reporting entity is defined in the Notes to MCH’s basic financial statements. Federal financial assistance received directly from federal agencies and other agencies are included in the Schedule of Expenditures of Federal Awards.
De Minimis Rate Used: N
Rate Explanation: MCH has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
MCH has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.