Notes to SEFA
Title: SUBRECIPIENT RELATIONSHIPS
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Council under programs of the federal government for the year ended June 30, 2023. The information in this Schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only a selected portion of the operations of the Council, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Council. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Pass-through entity identifying numbers are presented on the Schedule where available.
De Minimis Rate Used: Y
Rate Explanation: The Council has selected to use the 10% de minimis indirect cost rate as permitted by 2 CFR Section 200.414.
The Council remitted the following funds to subrecipients:
City of Rockford – Police Department: $108,236
City of Rockford – Family Peace Center: $7,657
Children’s Home & Aid: $119,172
Loyola University of Chicago: $8,675