Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Tippecanoe County Child Care, Inc. d/b/a Right Steps Child Development Centers has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule)
includes the federal award activity of Tippecanoe County Child Care, Inc. d/b/a
Right Steps Child Development Centers under programs of the federal
government for the year ended December 31, 2023. 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). Because the Schedule presents only a selected portion of the
operations of Tippecanoe County Child Care, Inc. d/b/a Right Steps Child
Development Centers, it is not intended to and does not present the financial
position, changes in net assets, or cash flows of Tippecanoe County Child
Care, Inc. d/b/a Right Steps Child Development Centers.