Notes to SEFA
Title: SEFA Notes
Accounting Policies: SEFA policy
De Minimis Rate Used: N
Rate Explanation: The Auditee did not use the de minimis cost rate
The Schedule of Expenditures of Federal Awards presents the activity of all award programs of Children’s Healthcare of Atlanta, Inc. and Affiliates (“Children’s”) 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.The purpose of the Schedule of Expenditures of Federal Awards is to present a summary of the activities of Children’s for the year ended December 31, 2023, which have been financed by the U.S. government. The regulations and guidelines governing the preparation of federal financial reports vary by federal agency and among programs administered by the same agency. Accordingly, the amounts reported in the federal financial reports may not necessarily agree with the amounts reported in the accompanying Schedule of Expenditures of Federal Awards. Because the Schedule of Expenditures of Federal Awards presents only a selected portion of the activities of Children’s, it is not intended to, and does not, present either the financial position, changes in net assets, or cash flows of Children’s.
Title: Note 2 Contingencies
Accounting Policies: SEFA policy
De Minimis Rate Used: N
Rate Explanation: The Auditee did not use the de minimis cost rate
These programs are subject to financial and compliance audits by grantor agencies. The amount, if any, of expenditures that may be disallowed by the grantor agencies cannot be determined at this time, although Children’s management expects such amounts, if any, to be immaterial
Title: Note 3: Indirect Cost Rate
Accounting Policies: SEFA policy
De Minimis Rate Used: N
Rate Explanation: The Auditee did not use the de minimis cost rate
Children’s has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance