Notes to SEFA
Title: Basis of Presentation
Accounting Policies: 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 expenditures are not allowable or are limited as to
reimbursement.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Home does not have a federally approved negotiated indirect cost-rate agreement
and, therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform
Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the
federal grant activity of The Home for Little Wanderers (the Home) under programs of the
federal government for the year ended June 30, 2023. 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). Because the Schedule
presents only a selected portion of the operations of Home, it is not intended to and
does not present the financial position, changes in net assets or cash flows of the
Home.
Title: Indirect Cost Rate
Accounting Policies: 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 expenditures are not allowable or are limited as to
reimbursement.
Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: Y
Rate Explanation: The Home does not have a federally approved negotiated indirect cost-rate agreement
and, therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform
Guidance.
The Home does not have a federally approved negotiated indirect cost-rate agreement
and, therefore, is subject to the 10-percent de minimis indirect cost rate under the Uniform
Guidance