Notes to SEFA
Title: Sub-recipients
Accounting Policies: The accompanying schedule of expenditures of federal awards (schedule) includes the federal grant activity of Better Child Care, Inc. (the Organization) under programs of the federal government for the year ended September 30, 2023. The information in this schedule is presented in accordance with the requiements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. 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. The Organization has elected not to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization did not provide any federal awards to sub-recipients during the year ended September 30, 2023.
Title: Non-Cash Assistance, Insurance and Loan Guarantees
Accounting Policies: The accompanying schedule of expenditures of federal awards (schedule) includes the federal grant activity of Better Child Care, Inc. (the Organization) under programs of the federal government for the year ended September 30, 2023. The information in this schedule is presented in accordance with the requiements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. 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. The Organization has elected not to use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization did not receive any non-cash assistance during the year ended September 30, 2023. In addition, the Organization had no federal insurance or loan guarantees as of September 30, 2023.