Audit 306323

Title: Basis of Presentation Accounting Policies: Note 1 Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs administered by Child Development Council of Central New York, Inc. d/b/a Child Development Council (the Council), an entity as defined in Note 1 to the Council’s financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other government agencies, are included on the Schedule of Expenditures of Federal Awards. Note 2 Basis of Accounting The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The amounts reported as federal expenditures generally were obtained from the appropriate federal financial reports for the applicable program and periods. The amounts reported in these federal financial reports are prepared from records maintained for each program. These records are periodically reconciled to the general ledger, which is the source of the financial statements. De Minimis Rate Used: N Rate Explanation: Indirect Costs The Council did not elect to use the de minimus indirect cost rate under Uniform Guidance. The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs administered by Child Development Council of Central New York, Inc. d/b/a Child Development Council (the Council), an entity as defined in Note 1 to the Council’s financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other government agencies, are included on the Schedule of Expenditures of Federal Awards.

Title: Basis of Accounting Accounting Policies: Note 1 Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs administered by Child Development Council of Central New York, Inc. d/b/a Child Development Council (the Council), an entity as defined in Note 1 to the Council’s financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other government agencies, are included on the Schedule of Expenditures of Federal Awards. Note 2 Basis of Accounting The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The amounts reported as federal expenditures generally were obtained from the appropriate federal financial reports for the applicable program and periods. The amounts reported in these federal financial reports are prepared from records maintained for each program. These records are periodically reconciled to the general ledger, which is the source of the financial statements. De Minimis Rate Used: N Rate Explanation: Indirect Costs The Council did not elect to use the de minimus indirect cost rate under Uniform Guidance. The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The amounts reported as federal expenditures generally were obtained from the appropriate federal financial reports for the applicable program and periods. The amounts reported in these federal financial reports are prepared from records maintained for each program. These records are periodically reconciled to the general ledger, which is the source of the financial statements.

Title: Indirect Costs Accounting Policies: Note 1 Basis of Presentation The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal awards programs administered by Child Development Council of Central New York, Inc. d/b/a Child Development Council (the Council), an entity as defined in Note 1 to the Council’s financial statements. Federal awards received directly from federal agencies, as well as federal awards passed through from other government agencies, are included on the Schedule of Expenditures of Federal Awards. Note 2 Basis of Accounting The basis of accounting varies by federal program consistent with the underlying regulations pertaining to each program. The amounts reported as federal expenditures generally were obtained from the appropriate federal financial reports for the applicable program and periods. The amounts reported in these federal financial reports are prepared from records maintained for each program. These records are periodically reconciled to the general ledger, which is the source of the financial statements. De Minimis Rate Used: N Rate Explanation: Indirect Costs The Council did not elect to use the de minimus indirect cost rate under Uniform Guidance. The Council did not elect to use the de minimus indirect cost rate under Uniform Guidance.