Title: Basis of Accounting and Presentation
Accounting Policies: This summary of significant accounting policies of Paso del Norte Children’s Development Center is presented to assist in understanding Paso del Norte Children’s Development Center’s Schedule of Expenditures of Federal and State Awards. The Schedule of Expenditures of Federal and State Awards and notes are representations of Paso del Norte Children’s Development Center 's management, who is responsible for their integrity and objectivity.
Basis of Accounting and Presentation – The Schedule of Expenditures of Federal and State Awards is prepared using the accrual basis of accounting. The information in this schedule is presented in accordance with the Uniform Guidance, UGMS and the State of Texas Single Audit Circular; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Provider Relief Fund – Management received PRF fund distributions of $10,403 in January 2022, which were recorded as deferred revenue at August 31, 2022.
The distributions received in January 2022 correspond to the Period 5 of PRF distributions. PRF 5 distributions were expensed and recognized as revenue on November 30, 2022.
Expenditures for Period 5 PRF are required to be reported in the schedule of expenditures of federal and state awards for the years ending August 31, 2023. Indirect Costs – The Schedule of Expenditures of Federal and State Awards includes a portion of costs associated with general and administrative activities, which is allocated to federal and state assistance programs under negotiated formulas commonly referred to as a negotiated indirect cost rate. Currently, the Center allocates indirect expenses in accordance with an indirect cost rate approved by the Texas Health and Human Services Commission. The Organization has not negotiated an indirect cost rate with any Federal cognizant agency and has not declined to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414, for any Federal awards not otherwise overseen by the Texas Health and Human Services Commission.
Subrecipients – There were no subrecipients of the Federal or State Awards received by Paso del Norte Children’s Development Center for the year ended August 31, 2023.
Affiliate – Paso del Norte Children’s Development Center’s Affiliate, Paso del Norte Children’s Development Center Foundation, did not receive any federal or state awards for the year ended August 31, 2023.
Provider Relief Fund-
A reconciliation of total federal grant expenditures reported in the schedule of expenditures of federal awards to total federal grant income reported in the consolidated statement of activities for the year ended August 31, 2023, is as follows:
Federal grant expenditures per SEFA $3,039,258
Less Period 5 PRF expenditures recognized
in the statement of activities (10,403)
Total federal grant income per the
consolidated statement of activities $3,028,855
De Minimis Rate Used: Y
Rate Explanation: The Organization has not negotiated an indirect cost rate with any Federal cognizant agency and has not declined to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414, for any Federal awards not otherwise overseen by the Texas Health and Human Services Commission.
The Schedule of Expenditures of Federal and State Awards is prepared using the accrual basis of accounting. The information in this schedule is presented in accordance with the Uniform Guidance, UGMS and the State of Texas Single Audit Circular; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Title: Provider Relief Fund
Accounting Policies: This summary of significant accounting policies of Paso del Norte Children’s Development Center is presented to assist in understanding Paso del Norte Children’s Development Center’s Schedule of Expenditures of Federal and State Awards. The Schedule of Expenditures of Federal and State Awards and notes are representations of Paso del Norte Children’s Development Center 's management, who is responsible for their integrity and objectivity.
Basis of Accounting and Presentation – The Schedule of Expenditures of Federal and State Awards is prepared using the accrual basis of accounting. The information in this schedule is presented in accordance with the Uniform Guidance, UGMS and the State of Texas Single Audit Circular; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Provider Relief Fund – Management received PRF fund distributions of $10,403 in January 2022, which were recorded as deferred revenue at August 31, 2022.
The distributions received in January 2022 correspond to the Period 5 of PRF distributions. PRF 5 distributions were expensed and recognized as revenue on November 30, 2022.
Expenditures for Period 5 PRF are required to be reported in the schedule of expenditures of federal and state awards for the years ending August 31, 2023. Indirect Costs – The Schedule of Expenditures of Federal and State Awards includes a portion of costs associated with general and administrative activities, which is allocated to federal and state assistance programs under negotiated formulas commonly referred to as a negotiated indirect cost rate. Currently, the Center allocates indirect expenses in accordance with an indirect cost rate approved by the Texas Health and Human Services Commission. The Organization has not negotiated an indirect cost rate with any Federal cognizant agency and has not declined to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414, for any Federal awards not otherwise overseen by the Texas Health and Human Services Commission.
Subrecipients – There were no subrecipients of the Federal or State Awards received by Paso del Norte Children’s Development Center for the year ended August 31, 2023.
Affiliate – Paso del Norte Children’s Development Center’s Affiliate, Paso del Norte Children’s Development Center Foundation, did not receive any federal or state awards for the year ended August 31, 2023.
Provider Relief Fund-
A reconciliation of total federal grant expenditures reported in the schedule of expenditures of federal awards to total federal grant income reported in the consolidated statement of activities for the year ended August 31, 2023, is as follows:
Federal grant expenditures per SEFA $3,039,258
Less Period 5 PRF expenditures recognized
in the statement of activities (10,403)
Total federal grant income per the
consolidated statement of activities $3,028,855
De Minimis Rate Used: Y
Rate Explanation: The Organization has not negotiated an indirect cost rate with any Federal cognizant agency and has not declined to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414, for any Federal awards not otherwise overseen by the Texas Health and Human Services Commission.
– Management received PRF fund distributions of $10,403 in January 2022, which were recorded as deferred revenue at August 31, 2022.
The distributions received in January 2022 correspond to the Period 5 of PRF distributions. PRF 5 distributions were expensed and recognized as revenue on November 30, 2022.
Expenditures for Period 5 PRF are required to be reported in the schedule of expenditures of federal and state awards for the years ending August 31, 2023.
A reconciliation of total federal grant expenditures reported in the schedule of expenditures of federal awards to total federal grant income reported in the consolidated statement of activities for the year ended August 31, 2023, is as follows:
Federal grant expenditures per SEFA $3,039,258
Less Period 5 PRF expenditures recognized
in the statement of activities (10,403)
Total federal grant income per the
consolidated statement of activities $3,028,855
Title: Indirect Costs
Accounting Policies: This summary of significant accounting policies of Paso del Norte Children’s Development Center is presented to assist in understanding Paso del Norte Children’s Development Center’s Schedule of Expenditures of Federal and State Awards. The Schedule of Expenditures of Federal and State Awards and notes are representations of Paso del Norte Children’s Development Center 's management, who is responsible for their integrity and objectivity.
Basis of Accounting and Presentation – The Schedule of Expenditures of Federal and State Awards is prepared using the accrual basis of accounting. The information in this schedule is presented in accordance with the Uniform Guidance, UGMS and the State of Texas Single Audit Circular; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Provider Relief Fund – Management received PRF fund distributions of $10,403 in January 2022, which were recorded as deferred revenue at August 31, 2022.
The distributions received in January 2022 correspond to the Period 5 of PRF distributions. PRF 5 distributions were expensed and recognized as revenue on November 30, 2022.
Expenditures for Period 5 PRF are required to be reported in the schedule of expenditures of federal and state awards for the years ending August 31, 2023. Indirect Costs – The Schedule of Expenditures of Federal and State Awards includes a portion of costs associated with general and administrative activities, which is allocated to federal and state assistance programs under negotiated formulas commonly referred to as a negotiated indirect cost rate. Currently, the Center allocates indirect expenses in accordance with an indirect cost rate approved by the Texas Health and Human Services Commission. The Organization has not negotiated an indirect cost rate with any Federal cognizant agency and has not declined to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414, for any Federal awards not otherwise overseen by the Texas Health and Human Services Commission.
Subrecipients – There were no subrecipients of the Federal or State Awards received by Paso del Norte Children’s Development Center for the year ended August 31, 2023.
Affiliate – Paso del Norte Children’s Development Center’s Affiliate, Paso del Norte Children’s Development Center Foundation, did not receive any federal or state awards for the year ended August 31, 2023.
Provider Relief Fund-
A reconciliation of total federal grant expenditures reported in the schedule of expenditures of federal awards to total federal grant income reported in the consolidated statement of activities for the year ended August 31, 2023, is as follows:
Federal grant expenditures per SEFA $3,039,258
Less Period 5 PRF expenditures recognized
in the statement of activities (10,403)
Total federal grant income per the
consolidated statement of activities $3,028,855
De Minimis Rate Used: Y
Rate Explanation: The Organization has not negotiated an indirect cost rate with any Federal cognizant agency and has not declined to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414, for any Federal awards not otherwise overseen by the Texas Health and Human Services Commission.
The Schedule of Expenditures of Federal and State Awards includes a portion of costs associated with general and administrative activities, which is allocated to federal and state assistance programs under negotiated formulas commonly referred to as a negotiated indirect cost rate. Currently, the Center allocates indirect expenses in accordance with an indirect cost rate approved by the Texas Health and Human Services Commission. The Organization has not negotiated an indirect cost rate with any Federal cognizant agency and has not declined to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414, for any Federal awards not otherwise overseen by the Texas Health and Human Services Commission.
Title: Subrecipients
Accounting Policies: This summary of significant accounting policies of Paso del Norte Children’s Development Center is presented to assist in understanding Paso del Norte Children’s Development Center’s Schedule of Expenditures of Federal and State Awards. The Schedule of Expenditures of Federal and State Awards and notes are representations of Paso del Norte Children’s Development Center 's management, who is responsible for their integrity and objectivity.
Basis of Accounting and Presentation – The Schedule of Expenditures of Federal and State Awards is prepared using the accrual basis of accounting. The information in this schedule is presented in accordance with the Uniform Guidance, UGMS and the State of Texas Single Audit Circular; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Provider Relief Fund – Management received PRF fund distributions of $10,403 in January 2022, which were recorded as deferred revenue at August 31, 2022.
The distributions received in January 2022 correspond to the Period 5 of PRF distributions. PRF 5 distributions were expensed and recognized as revenue on November 30, 2022.
Expenditures for Period 5 PRF are required to be reported in the schedule of expenditures of federal and state awards for the years ending August 31, 2023. Indirect Costs – The Schedule of Expenditures of Federal and State Awards includes a portion of costs associated with general and administrative activities, which is allocated to federal and state assistance programs under negotiated formulas commonly referred to as a negotiated indirect cost rate. Currently, the Center allocates indirect expenses in accordance with an indirect cost rate approved by the Texas Health and Human Services Commission. The Organization has not negotiated an indirect cost rate with any Federal cognizant agency and has not declined to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414, for any Federal awards not otherwise overseen by the Texas Health and Human Services Commission.
Subrecipients – There were no subrecipients of the Federal or State Awards received by Paso del Norte Children’s Development Center for the year ended August 31, 2023.
Affiliate – Paso del Norte Children’s Development Center’s Affiliate, Paso del Norte Children’s Development Center Foundation, did not receive any federal or state awards for the year ended August 31, 2023.
Provider Relief Fund-
A reconciliation of total federal grant expenditures reported in the schedule of expenditures of federal awards to total federal grant income reported in the consolidated statement of activities for the year ended August 31, 2023, is as follows:
Federal grant expenditures per SEFA $3,039,258
Less Period 5 PRF expenditures recognized
in the statement of activities (10,403)
Total federal grant income per the
consolidated statement of activities $3,028,855
De Minimis Rate Used: Y
Rate Explanation: The Organization has not negotiated an indirect cost rate with any Federal cognizant agency and has not declined to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414, for any Federal awards not otherwise overseen by the Texas Health and Human Services Commission.
There were no subrecipients of the Federal or State Awards received by Paso del Norte Children’s Development Center for the year ended August 31, 2023.
Title: Affiliate
Accounting Policies: This summary of significant accounting policies of Paso del Norte Children’s Development Center is presented to assist in understanding Paso del Norte Children’s Development Center’s Schedule of Expenditures of Federal and State Awards. The Schedule of Expenditures of Federal and State Awards and notes are representations of Paso del Norte Children’s Development Center 's management, who is responsible for their integrity and objectivity.
Basis of Accounting and Presentation – The Schedule of Expenditures of Federal and State Awards is prepared using the accrual basis of accounting. The information in this schedule is presented in accordance with the Uniform Guidance, UGMS and the State of Texas Single Audit Circular; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
Provider Relief Fund – Management received PRF fund distributions of $10,403 in January 2022, which were recorded as deferred revenue at August 31, 2022.
The distributions received in January 2022 correspond to the Period 5 of PRF distributions. PRF 5 distributions were expensed and recognized as revenue on November 30, 2022.
Expenditures for Period 5 PRF are required to be reported in the schedule of expenditures of federal and state awards for the years ending August 31, 2023. Indirect Costs – The Schedule of Expenditures of Federal and State Awards includes a portion of costs associated with general and administrative activities, which is allocated to federal and state assistance programs under negotiated formulas commonly referred to as a negotiated indirect cost rate. Currently, the Center allocates indirect expenses in accordance with an indirect cost rate approved by the Texas Health and Human Services Commission. The Organization has not negotiated an indirect cost rate with any Federal cognizant agency and has not declined to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414, for any Federal awards not otherwise overseen by the Texas Health and Human Services Commission.
Subrecipients – There were no subrecipients of the Federal or State Awards received by Paso del Norte Children’s Development Center for the year ended August 31, 2023.
Affiliate – Paso del Norte Children’s Development Center’s Affiliate, Paso del Norte Children’s Development Center Foundation, did not receive any federal or state awards for the year ended August 31, 2023.
Provider Relief Fund-
A reconciliation of total federal grant expenditures reported in the schedule of expenditures of federal awards to total federal grant income reported in the consolidated statement of activities for the year ended August 31, 2023, is as follows:
Federal grant expenditures per SEFA $3,039,258
Less Period 5 PRF expenditures recognized
in the statement of activities (10,403)
Total federal grant income per the
consolidated statement of activities $3,028,855
De Minimis Rate Used: Y
Rate Explanation: The Organization has not negotiated an indirect cost rate with any Federal cognizant agency and has not declined to use the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. §200.414, for any Federal awards not otherwise overseen by the Texas Health and Human Services Commission.
Paso del Norte Children’s Development Center’s Affiliate, Paso del Norte Children’s Development Center Foundation, did not receive any federal or state awards for the year ended August 31, 2023.