Notes to SEFA
Accounting Policies: See Independent Auditor’s Report.
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1. BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards and state financial assistance presents the
activities in all the federal and state awards programs of La Casa de Don Pedro, Inc. and Affiliate. All financial
awards received directly from federal and state agencies as well as financial awards passed through other
governmental agencies or non-profit organizations are included on the schedule.
2. BASIS OF ACCOUNTING
The accompanying schedule of expenditures of federal awards and state financial assistance is presented using
the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain
financial reports submitted to federal and state funding agencies due to those reports being submitted on either
a cash or modified accrual basis of accounting.
3. RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Expenditures of federal awards and state financial assistance are reported on the consolidated statements of
activities as program services. In certain programs, the expenditures reported in the basic consolidated financial
statements may differ from the expenditures reported on the schedule of expenditures of federal awards and
state financial assistance due to program expenditures exceeding grant or contract budget limitations, matching
or in-kind contributions or capitalization policies required under accounting principles generally accepted in the
United States of America.
4. INDIRECT COST
The Organization has a federally negotiated indirect cost rate for the Head Start program and has not elected to
use the 10% de minimus rate as covered in section 200.414 in the Uniform Guidance.
5. SUBRECIPIENTS
The Organization provided no federal or state awards to subrecipients for the year ended June 30, 2023.
De Minimis Rate Used: N
Rate Explanation: The Organization has a federally negotiated indirect cost rate for the Head Start program and has not elected to use the 10% de minimus rate as covered in section 200.414 in the Uniform Guidance.