Notes to SEFA
Accounting Policies: Basis of Presentation
The accompanying schedule of expenditures of federal awards includes the federal grant activity of The
National Migrant and Seasonal Head Start Association and is presented on the modified 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/or Federal Awards (Uniform Guidance). Therefore, some amounts presented in this
schedule may differ from amounts presented in, or used in the preparation of, the general purpose financial
statements.
All of The National Migrant and Seasonal Head Start Association's federal awards were in the form of cash
assistance. The National Migrant and Seasonal Head Start Association had no federal or state funded
insurance programs or loan guarantees during the year ended December 31, 2022.
Indirect Cost Rate:
The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For
the year ended December 31, 2022, the Association did not elect to use this rate.
Sub-recipients:
During the year ended December 31, 2022, the Association had no sub-recipients.
Federal Loans and Loan Guarantees:
During the year ended December 31, 2022, the Association had no outstanding federal loans
payable or loan guarantees.
De Minimis Rate Used: N
Rate Explanation: Indirect Cost Rate:
The Uniform Guidance allows an organization to elect a 10% de minimus indirect cost rate. For
the year ended December 31, 2022, the Association did not elect to use this rate.