Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of The Colorado
Springs Child Nursery Centers, Inc. and Affiliates dba Early Connections Learning Centers
(collectively, the Organization) and is presented on the 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit
Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ
from amounts presented in, or used in the preparation of, the basic consolidated financial
statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected to not use the 10 percent de minimus indirect cost rate to charge costs
to their federal awards.