Notes to SEFA
Title: NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Basis of Presentation - The Schedule of Expenditures of Federal Awards includes the federal grant activity of Arizona Association of Family Day Care Providers 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Basis of Presentation - The Schedule of Expenditures of Federal Awards includes the federal grant activity of Arizona Association of Family Day Care Providers 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.
Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts of expenditures at the date of the financial statements and during the reporting period. Actual results could differ from those estimates.
Subsequent Events - The Organization has reviewed all subsequent events through June 10, 2024, which was the date the Schedule was available to be issued.
Title: NOTE 2 –ASSISTANCE LISTING NUMBERS
Accounting Policies: Basis of Presentation - The Schedule of Expenditures of Federal Awards includes the federal grant activity of Arizona Association of Family Day Care Providers 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The program title and assistance listing number were obtained from the federal or pass-through grantor or the 2023 Assistance Listing.
Title: NOTE 3 – INDIRECT COST RATE
Accounting Policies: Basis of Presentation - The Schedule of Expenditures of Federal Awards includes the federal grant activity of Arizona Association of Family Day Care Providers 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.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.