Notes to SEFA
Title: FEDERAL AND STATE AGENCIES
Accounting Policies: The accompanying “Schedule of Expenditures of Federal and State Awards” includes the federal and state grant activity of Family and Children’s Center, Inc. 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), the Wisconsin Department of Health Services Audit Guide and the Wisconsin Department of Children and Families Provider Agency Audit Guide. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Center uses the 10 percent de Minimis indirect cost rate allowed under the Uniform Guidance.
The Center’s oversight agency for the audit is the U.S. Department of Health and Human Services.