Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (“Schedule”) includes the federal grant activity of Educational Opportunities for Children and Families and is presented on the accrual basis of accounting, consistent with generally accepted accounting principles. The information in this schedule is presented in accordance with requirements of the Title 2 CFR 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 basic financial statements.
De Minimis Rate Used: N
Rate Explanation: EOCF has not used the 10% de minimis indirect cost rate under the Uniform Guidance.