Notes to SEFA
Title: NOTE 1 - BASIS OF PRSENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Section 215.97, Florida Statutes, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Coalition has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards and state financial assistance projects (the Schedule) includes the federal and state award activity of Early Learning Coalition of Duval, Inc. (the Coalition) under programs of the federal government and the state of Florida for the year ended June 30, 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) and Section 215.97, Florida Statutes. Because the Schedule presents only a selected portion of the operations of the Coalition, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Coalition.
Title: NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Section 215.97, Florida Statutes, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Coalition has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Section 215.97, Florida Statutes, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 3 - INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Section 215.97, Florida Statutes, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Coalition has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
The Coalition has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE 4 - PASS-THROUGH AWARDS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Section 215.97, Florida Statutes, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Coalition has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
The Coalition receives certain federal awards and state financial assistance from pass-through awards of the state, local government, and other entities. The total amount of such pass-through awards is included in the Schedule.
Title: NOTE 5 - TRANSFERS TO SUBRECIPIENTS
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and Section 215.97, Florida Statutes, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The Coalition has elected not to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.
The Coalition did not transfer any federal awards or state financial assistance to subrecipients.