Title: Basis of Presentation
Accounting Policies: A summary of the Organization’s significant accounting policies and related information is provided below to assist the reader in interpreting the information presented in the Schedule.
Basis of Presentation – The information in the accompanying Schedule is presented under the accrual basis of accounting in accordance with the requirements of the Uniform Guidance. As 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.
Federal Financial Assistance – Pursuant to the Single Audit Act and Amendments and the Uniform Guidance, federal financial assistance is defined as assistance that non-federal organizations receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative agreements, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursements for services rendered to individuals for Medicare and Medicaid. The Organization received federal financial assistance for childcare and housing-related services.
Assistance Listing (AL) – The Schedule presents total expenditures for each federal financial assistance program as identified in the AL. The catalog is a compendium of federal programs, projects, services, and activities administered by departments and establishments of the federal government. Programs included in the catalog are assigned a five-digit program identification number (AL number). The first two digits of the AL number designate the federal agency and the latter three digits designate the federal assistance program within the federal agency.
Major Programs – The Single Audit Act and Uniform Guidance established a risk-based approach for defining major federal financial assistance programs. The Organization had three federal funding sources, one of which has been designated as a major program for the fiscal year ended December 31, 2023.
Indirect cost rate – GNDC elected to not use the Federally allowed 10% de minimis indirect cost rate of overhead to recover allowable indirect costs to its programs.
Pass-through Federal Financial Assistance – The Organization received federal financial assistance indirectly from pass-through entities. A pass-through entity is defined as a non- federal entity that provides federal assistance to a sub-recipient. The pass-through entities are the School District of Philadelphia, the Pennsylvania Office of Child Development and Early Learning (OCDEL), and the Pennsylvania Housing Finance Agency. The Organization
had no direct federal financial assistance.
De Minimis Rate Used: N
Rate Explanation: Auditee used actual GAAP incurred costs allowed under the contract budget.
The information in the accompanying Schedule is presented under the accrual basis of accounting in accordance with the requirements of the Uniform Guidance. As 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.
Title: Federal Financial Assistance
Accounting Policies: A summary of the Organization’s significant accounting policies and related information is provided below to assist the reader in interpreting the information presented in the Schedule.
Basis of Presentation – The information in the accompanying Schedule is presented under the accrual basis of accounting in accordance with the requirements of the Uniform Guidance. As 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.
Federal Financial Assistance – Pursuant to the Single Audit Act and Amendments and the Uniform Guidance, federal financial assistance is defined as assistance that non-federal organizations receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative agreements, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursements for services rendered to individuals for Medicare and Medicaid. The Organization received federal financial assistance for childcare and housing-related services.
Assistance Listing (AL) – The Schedule presents total expenditures for each federal financial assistance program as identified in the AL. The catalog is a compendium of federal programs, projects, services, and activities administered by departments and establishments of the federal government. Programs included in the catalog are assigned a five-digit program identification number (AL number). The first two digits of the AL number designate the federal agency and the latter three digits designate the federal assistance program within the federal agency.
Major Programs – The Single Audit Act and Uniform Guidance established a risk-based approach for defining major federal financial assistance programs. The Organization had three federal funding sources, one of which has been designated as a major program for the fiscal year ended December 31, 2023.
Indirect cost rate – GNDC elected to not use the Federally allowed 10% de minimis indirect cost rate of overhead to recover allowable indirect costs to its programs.
Pass-through Federal Financial Assistance – The Organization received federal financial assistance indirectly from pass-through entities. A pass-through entity is defined as a non- federal entity that provides federal assistance to a sub-recipient. The pass-through entities are the School District of Philadelphia, the Pennsylvania Office of Child Development and Early Learning (OCDEL), and the Pennsylvania Housing Finance Agency. The Organization
had no direct federal financial assistance.
De Minimis Rate Used: N
Rate Explanation: Auditee used actual GAAP incurred costs allowed under the contract budget.
Pursuant to the Single Audit Act and Amendments and the Uniform Guidance, federal financial assistance is defined as assistance that non-federal organizations receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative agreements, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursements for services rendered to individuals for Medicare and Medicaid. The Organization received federal financial assistance for childcare and housing-related services.
Title: Assistance Listing (AL)
Accounting Policies: A summary of the Organization’s significant accounting policies and related information is provided below to assist the reader in interpreting the information presented in the Schedule.
Basis of Presentation – The information in the accompanying Schedule is presented under the accrual basis of accounting in accordance with the requirements of the Uniform Guidance. As 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.
Federal Financial Assistance – Pursuant to the Single Audit Act and Amendments and the Uniform Guidance, federal financial assistance is defined as assistance that non-federal organizations receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative agreements, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursements for services rendered to individuals for Medicare and Medicaid. The Organization received federal financial assistance for childcare and housing-related services.
Assistance Listing (AL) – The Schedule presents total expenditures for each federal financial assistance program as identified in the AL. The catalog is a compendium of federal programs, projects, services, and activities administered by departments and establishments of the federal government. Programs included in the catalog are assigned a five-digit program identification number (AL number). The first two digits of the AL number designate the federal agency and the latter three digits designate the federal assistance program within the federal agency.
Major Programs – The Single Audit Act and Uniform Guidance established a risk-based approach for defining major federal financial assistance programs. The Organization had three federal funding sources, one of which has been designated as a major program for the fiscal year ended December 31, 2023.
Indirect cost rate – GNDC elected to not use the Federally allowed 10% de minimis indirect cost rate of overhead to recover allowable indirect costs to its programs.
Pass-through Federal Financial Assistance – The Organization received federal financial assistance indirectly from pass-through entities. A pass-through entity is defined as a non- federal entity that provides federal assistance to a sub-recipient. The pass-through entities are the School District of Philadelphia, the Pennsylvania Office of Child Development and Early Learning (OCDEL), and the Pennsylvania Housing Finance Agency. The Organization
had no direct federal financial assistance.
De Minimis Rate Used: N
Rate Explanation: Auditee used actual GAAP incurred costs allowed under the contract budget.
The Schedule presents total expenditures for each federal financial assistance program as identified in the AL. The catalog is a compendium of federal programs, projects, services, and activities administered by departments and establishments of the federal government. Programs included in the catalog are assigned a five-digit program identification number (AL number). The first two digits of the AL number designate the federal agency and the latter three digits designate the federal assistance program within the federal agency.
Title: Major Programs
Accounting Policies: A summary of the Organization’s significant accounting policies and related information is provided below to assist the reader in interpreting the information presented in the Schedule.
Basis of Presentation – The information in the accompanying Schedule is presented under the accrual basis of accounting in accordance with the requirements of the Uniform Guidance. As 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.
Federal Financial Assistance – Pursuant to the Single Audit Act and Amendments and the Uniform Guidance, federal financial assistance is defined as assistance that non-federal organizations receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative agreements, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursements for services rendered to individuals for Medicare and Medicaid. The Organization received federal financial assistance for childcare and housing-related services.
Assistance Listing (AL) – The Schedule presents total expenditures for each federal financial assistance program as identified in the AL. The catalog is a compendium of federal programs, projects, services, and activities administered by departments and establishments of the federal government. Programs included in the catalog are assigned a five-digit program identification number (AL number). The first two digits of the AL number designate the federal agency and the latter three digits designate the federal assistance program within the federal agency.
Major Programs – The Single Audit Act and Uniform Guidance established a risk-based approach for defining major federal financial assistance programs. The Organization had three federal funding sources, one of which has been designated as a major program for the fiscal year ended December 31, 2023.
Indirect cost rate – GNDC elected to not use the Federally allowed 10% de minimis indirect cost rate of overhead to recover allowable indirect costs to its programs.
Pass-through Federal Financial Assistance – The Organization received federal financial assistance indirectly from pass-through entities. A pass-through entity is defined as a non- federal entity that provides federal assistance to a sub-recipient. The pass-through entities are the School District of Philadelphia, the Pennsylvania Office of Child Development and Early Learning (OCDEL), and the Pennsylvania Housing Finance Agency. The Organization
had no direct federal financial assistance.
De Minimis Rate Used: N
Rate Explanation: Auditee used actual GAAP incurred costs allowed under the contract budget.
The Single Audit Act and Uniform Guidance established a risk-based approach for defining major federal financial assistance programs. The Organization had three federal funding sources, one of which has been designated as a major program for the fiscal year ended December 31, 2023.
Title: Indirect Cost Rate
Accounting Policies: A summary of the Organization’s significant accounting policies and related information is provided below to assist the reader in interpreting the information presented in the Schedule.
Basis of Presentation – The information in the accompanying Schedule is presented under the accrual basis of accounting in accordance with the requirements of the Uniform Guidance. As 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.
Federal Financial Assistance – Pursuant to the Single Audit Act and Amendments and the Uniform Guidance, federal financial assistance is defined as assistance that non-federal organizations receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative agreements, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursements for services rendered to individuals for Medicare and Medicaid. The Organization received federal financial assistance for childcare and housing-related services.
Assistance Listing (AL) – The Schedule presents total expenditures for each federal financial assistance program as identified in the AL. The catalog is a compendium of federal programs, projects, services, and activities administered by departments and establishments of the federal government. Programs included in the catalog are assigned a five-digit program identification number (AL number). The first two digits of the AL number designate the federal agency and the latter three digits designate the federal assistance program within the federal agency.
Major Programs – The Single Audit Act and Uniform Guidance established a risk-based approach for defining major federal financial assistance programs. The Organization had three federal funding sources, one of which has been designated as a major program for the fiscal year ended December 31, 2023.
Indirect cost rate – GNDC elected to not use the Federally allowed 10% de minimis indirect cost rate of overhead to recover allowable indirect costs to its programs.
Pass-through Federal Financial Assistance – The Organization received federal financial assistance indirectly from pass-through entities. A pass-through entity is defined as a non- federal entity that provides federal assistance to a sub-recipient. The pass-through entities are the School District of Philadelphia, the Pennsylvania Office of Child Development and Early Learning (OCDEL), and the Pennsylvania Housing Finance Agency. The Organization
had no direct federal financial assistance.
De Minimis Rate Used: N
Rate Explanation: Auditee used actual GAAP incurred costs allowed under the contract budget.
GNDC elected to not use the Federally allowed 10% de minimis indirect cost rate of overhead to recover allowable indirect costs to its programs.
Title: Pass-through Federal Financial Assistance
Accounting Policies: A summary of the Organization’s significant accounting policies and related information is provided below to assist the reader in interpreting the information presented in the Schedule.
Basis of Presentation – The information in the accompanying Schedule is presented under the accrual basis of accounting in accordance with the requirements of the Uniform Guidance. As 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.
Federal Financial Assistance – Pursuant to the Single Audit Act and Amendments and the Uniform Guidance, federal financial assistance is defined as assistance that non-federal organizations receive or administer in the form of grants, loans, loan guarantees, property (including donated surplus property), cooperative agreements, interest subsidies, insurance, food commodities, direct appropriations, and other assistance, but does not include amounts received as reimbursements for services rendered to individuals for Medicare and Medicaid. The Organization received federal financial assistance for childcare and housing-related services.
Assistance Listing (AL) – The Schedule presents total expenditures for each federal financial assistance program as identified in the AL. The catalog is a compendium of federal programs, projects, services, and activities administered by departments and establishments of the federal government. Programs included in the catalog are assigned a five-digit program identification number (AL number). The first two digits of the AL number designate the federal agency and the latter three digits designate the federal assistance program within the federal agency.
Major Programs – The Single Audit Act and Uniform Guidance established a risk-based approach for defining major federal financial assistance programs. The Organization had three federal funding sources, one of which has been designated as a major program for the fiscal year ended December 31, 2023.
Indirect cost rate – GNDC elected to not use the Federally allowed 10% de minimis indirect cost rate of overhead to recover allowable indirect costs to its programs.
Pass-through Federal Financial Assistance – The Organization received federal financial assistance indirectly from pass-through entities. A pass-through entity is defined as a non- federal entity that provides federal assistance to a sub-recipient. The pass-through entities are the School District of Philadelphia, the Pennsylvania Office of Child Development and Early Learning (OCDEL), and the Pennsylvania Housing Finance Agency. The Organization
had no direct federal financial assistance.
De Minimis Rate Used: N
Rate Explanation: Auditee used actual GAAP incurred costs allowed under the contract budget.
The Organization received federal financial assistance indirectly from pass-through entities. A pass-through entity is defined as a non- federal entity that provides federal assistance to a sub-recipient. The pass-through entities are the School District of Philadelphia, the Pennsylvania Office of Child Development and Early Learning (OCDEL), and the Pennsylvania Housing Finance Agency. The Organization had no direct federal financial assistance.