Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Childhood Development Services, Inc. (the Corporation) and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Client used a direct method for costs
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Childhood Development Services, Inc. (the Corporation) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the
Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the financial statements.
Title: Note 2 - Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Childhood Development Services, Inc. (the Corporation) and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Client used a direct method for costs
The Corporation has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance, if necessary. The Corporation did not utilize this option during the year.
Title: Note 3 - State Matching Funds
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Childhood Development Services, Inc. (the Corporation) and is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Client used a direct method for costs
The following funds were provided by the State of Florida as matching funds for the federal programs as
follows:
Assistance
Name of Program Listing Number Amount
Child Care and Development Block Grant 93.575 $ 7,734
Ounce of Prevention Fund of FL, Inc. 93.556 5,566
Ounce of Prevention Fund of FL, Inc. 93.575 166,337