Notes to SEFA
Title: NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Accrual basis accounting
De Minimis Rate Used: Y
Rate Explanation: The auditee has elected to use the de minimis cost rate.
Basis of Accounting - The accompanying schedule of expenditures of federal awards includes the federal grant activity of Children's Advocacy Centers of Illinois 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, our preparation of the financial statements. Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditure are not allowed or are limited as to reimbursement.
Title: NOTE 2 - ADDITIONAL INFORMATION
Accounting Policies: Accrual basis accounting
De Minimis Rate Used: Y
Rate Explanation: The auditee has elected to use the de minimis cost rate.
Other Federal Assistance - As of and during the year ended June 30, 2023, CACI did not receiv any noncash federal assistance, federal insurance, or federal loans or loan guarantees.
Title: NOTE 2 - ADDITIONAL INFORMATION
Accounting Policies: Accrual basis accounting
De Minimis Rate Used: Y
Rate Explanation: The auditee has elected to use the de minimis cost rate.
Sub-recipient Grants - During the year ended June 30, 2023, CACI did pass through federal funds of $8,578,295.
Title: NOTE 3 INDIRECT COST RATE
Accounting Policies: Accrual basis accounting
De Minimis Rate Used: Y
Rate Explanation: The auditee has elected to use the de minimis cost rate.
CACI has elected to use the ten percent de-minimis indirect cost rate as allowed under the Uniform Guidance.