Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of CALSTART, Inc. and is presented using the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting, which is described in the notes to the financial statements of CALSTART, Inc. as of and for the year ended September 30, 2023, except for amounts passed through to subrecipients, which are based on the disbursement of funds.
De Minimis Rate Used: N
Rate Explanation: CALSTART, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.