Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: Most efficient method to allocate costs for this organization
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Community Coordinated Child Care, Inc., and is presented on an 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).
Title: Food Distributions, Insurance, Loans and Sub-receipients
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: Most efficient method to allocate costs for this organization
There was no nonmonetary assistance reported in the Schedule of Expenditures of Federal Awards for food commodities, insurance, or loans or loan guarantees. Funds provided to sub-recipients from the CCDF Cluster (CFDA 93.596) for the grant period of July 1, 2022 to June 30, 2023 was $142,726 and Child Care and Adult Food Program for the grant period of July 1, 2022 and June 30, 2023 was $802,029.
Title: Indirect Costs
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: Y
Rate Explanation: Most efficient method to allocate costs for this organization
The Organization elected to use the 10% de minimis indirect cost rate.