Notes to SEFA
Title: presentation
Accounting Policies: ACCRUAL BASIS AND DID NOT USE DE MINIMIS INDIRECT COST RATE
De Minimis Rate Used: N
Rate Explanation: No indirect cost allocation.
The schedule of expenditures of federal awards includes federal grant and loan activity of Play School Day Care Center, Inc.,and is presented on the accrual basis of accounting. This information 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, Audits of States, Local Governments, and Non-Profit Organizations.
Title: indirect cost rate
Accounting Policies: ACCRUAL BASIS AND DID NOT USE DE MINIMIS INDIRECT COST RATE
De Minimis Rate Used: N
Rate Explanation: No indirect cost allocation.
The Entity did not elect to use the 10% de minimis indirect cost rate