Notes to SEFA
Title: Reporting Entity:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the accrual basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: The Center did not elect to use the 10% de minimis indirect cost rate for fiscal year 2023.
The accompanying schedule of expenditures of federal awards presents the activity or expenditure of all
federal awards programs of The Learning Center for Families, dba Root for Kids (the Center) for the year
ended June 30, 2023. The Center’s reporting entity is defined in Note 1 of the basic financial statements. All
expenditure of federal awards received directly from federal agencies as well as federal awards passed
through other government agencies are included in the schedule.
Title: Basis of Accounting:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the accrual basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: The Center did not elect to use the 10% de minimis indirect cost rate for fiscal year 2023.
This accompanying schedule of expenditures of federal awards has been prepared 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards (Uniform Guidance).
Title: Indirect Cost Rate:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the accrual basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: The Center did not elect to use the 10% de minimis indirect cost rate for fiscal year 2023.
The Center did not elect to use the 10% de minimis indirect cost rate for fiscal year 2023.
Title: Federal Loans and Loan Guarantee Programs Outstanding:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the accrual basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: The Center did not elect to use the 10% de minimis indirect cost rate for fiscal year 2023.
The Center did not have any federal loans outstanding at June 30, 2023.
Title: Subrecipients:
Accounting Policies: This accompanying schedule of expenditures of federal awards has been prepared on the accrual basis of
accounting.
De Minimis Rate Used: N
Rate Explanation: The Center did not elect to use the 10% de minimis indirect cost rate for fiscal year 2023.
The Center did not have any subrecipients in fiscal year 2023.