Notes to SEFA
Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying Schedule of Expenditures of federal Awards (the “Schedule”) includes the
federal award activity of the Children and Nutrition, Inc. (the Organization) under programs of the
federal government for the year ended September 30, 2023. The information in this schedule is
presented in accordance with the requirements of Title2 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 the
Organization, it is not intended to and does not present the financial position, changes in net assets,
or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
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 limited as to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of federal Awards (the “Schedule”) includes the
federal award activity of the Children and Nutrition, Inc. (the Organization) under programs of the
federal government for the year ended September 30, 2023. The information in this schedule is
presented in accordance with the requirements of Title2 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 the
Organization, it is not intended to and does not present the financial position, changes in net assets,
or cash flows of the Organization.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization has elected to not use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.