Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Accrual basis of accounting - see footnote.
De Minimis Rate Used: N
Rate Explanation: The rates were set by the Federal Government, and it was not necessar to use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity for the year ended September 30, 2023 of Illinois Child Care Bureau 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.