Notes to SEFA
Accounting Policies: Note A – Basis of Presentation
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award
activity of Litehouse Children and Family Services, Inc. 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 Litehouse Children and Family Services, Inc., it is not
intended to and does not present the financial position, changes in net assets, or cash flows of Litehouse
Children and Family Services, Inc..
Note B – Summary of Significant 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.
De Minimis Rate Used: N
Rate Explanation: Note C – De Minimis Indirect Cost Rate
Litehouse Children and Family Services, Inc., has not elected to use the 10% de minimis indirect cost rate
allowed under the Uniform Guidance.