Title: Note 1 - Nature of Federal Award Programs
Accounting Policies: As further described in Child Care Solutions, Inc.s (the Agency) August 31, 2023,financial statements, the Agency was organized for the purpose of ensuring, coordinating,assisting, strengthening and promoting childcare services throughout Onondaga and CayugaCounties. This purpose is accomplished through such activities as childcare referrals, training forchildcare professionals, networking, child advocacy and the support of high-quality childcare andearly education programs. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Agency under programs of the federalgovernment for the year ended August 31, 2023. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). Because the Schedule only presents a selected portion of the operations ofthe Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect costs are allocated as allowed under specific contract terms.
As further described in Child Care Solutions, Inc.’s (the “Agency”) August 31, 2023, financial statements, the Agency was organized for the purpose of ensuring, coordinating, assisting, strengthening and promoting childcare services throughout Onondaga and Cayuga Counties. This purpose is accomplished through such activities as childcare referrals, training for childcare professionals, networking, child advocacy and the support of high-quality childcare and early education programs. The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of the Agency under programs of the federal government for the year ended August 31, 2023. 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 only presents a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
Title: Note 2- Indirect Costs
Accounting Policies: As further described in Child Care Solutions, Inc.s (the Agency) August 31, 2023,financial statements, the Agency was organized for the purpose of ensuring, coordinating,assisting, strengthening and promoting childcare services throughout Onondaga and CayugaCounties. This purpose is accomplished through such activities as childcare referrals, training forchildcare professionals, networking, child advocacy and the support of high-quality childcare andearly education programs. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Agency under programs of the federalgovernment for the year ended August 31, 2023. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). Because the Schedule only presents a selected portion of the operations ofthe Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect costs are allocated as allowed under specific contract terms.
Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports used as the source for the date presented. The Agency has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Title: Note 3 -Basis of Accounting
Accounting Policies: As further described in Child Care Solutions, Inc.s (the Agency) August 31, 2023,financial statements, the Agency was organized for the purpose of ensuring, coordinating,assisting, strengthening and promoting childcare services throughout Onondaga and CayugaCounties. This purpose is accomplished through such activities as childcare referrals, training forchildcare professionals, networking, child advocacy and the support of high-quality childcare andearly education programs. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Agency under programs of the federalgovernment for the year ended August 31, 2023. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). Because the Schedule only presents a selected portion of the operations ofthe Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect costs are allocated as allowed under specific contract terms.
The amounts reported in the Schedule are recorded using 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 reimbursements. Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Title: Note 4- Subrecipients
Accounting Policies: As further described in Child Care Solutions, Inc.s (the Agency) August 31, 2023,financial statements, the Agency was organized for the purpose of ensuring, coordinating,assisting, strengthening and promoting childcare services throughout Onondaga and CayugaCounties. This purpose is accomplished through such activities as childcare referrals, training forchildcare professionals, networking, child advocacy and the support of high-quality childcare andearly education programs. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Agency under programs of the federalgovernment for the year ended August 31, 2023. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). Because the Schedule only presents a selected portion of the operations ofthe Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Indirect costs are allocated as allowed under specific contract terms.
The Agency provided no federal awards to subrecipients.