Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: The Schedule of Expenditures of Federal Awards of Mirabeau Family Learning Center, Inc. has been prepared in conformity with accounting principles generally accepted in the United States of America. Expenditures are recognized when incurred.
De Minimis Rate Used: N
Rate Explanation: The agency has elected not to use the 10% de m inimus indirect cost rate
The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of Mirabeau Family Learning Center, Inc. under programs of the federal government for the year ended December 31, 2023. The information in the Schedule of Expenditures of Federal Awards 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). Because the Schedule of Expenditures of Federal Awards presents only a selected portion of the operations of Mirabeau Family Learning Center, Inc., it is not intended to and does not present the financial position, change in net assets, or cash flows of Mirabeau Family Learning Center, Inc.
Title: SUMMARY OF SIGNIFICANT POLICIES
Accounting Policies: The Schedule of Expenditures of Federal Awards of Mirabeau Family Learning Center, Inc. has been prepared in conformity with accounting principles generally accepted in the United States of America. Expenditures are recognized when incurred.
De Minimis Rate Used: N
Rate Explanation: The agency has elected not to use the 10% de m inimus indirect cost rate
The Schedule of Expenditures of Federal Awards of Mirabeau Family Learning Center, Inc. has been prepared in conformity with accounting principles generally accepted in the United States of America. Expenditures are recognized when incurred.
Title: DETERMINATION OF TYPE A & B
Accounting Policies: The Schedule of Expenditures of Federal Awards of Mirabeau Family Learning Center, Inc. has been prepared in conformity with accounting principles generally accepted in the United States of America. Expenditures are recognized when incurred.
De Minimis Rate Used: N
Rate Explanation: The agency has elected not to use the 10% de m inimus indirect cost rate
Federal awards programs are classified as either Type A or Type B programs. For the year ended December 31, 2023, Type A programs consist of the federal programs that expended over $750,000 and Type B programs are the programs that expended under $750,000.
Title: INDIRECT COST RATE
Accounting Policies: The Schedule of Expenditures of Federal Awards of Mirabeau Family Learning Center, Inc. has been prepared in conformity with accounting principles generally accepted in the United States of America. Expenditures are recognized when incurred.
De Minimis Rate Used: N
Rate Explanation: The agency has elected not to use the 10% de m inimus indirect cost rate
Mirabeau Family Learning Center, Inc. has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.