Notes to SEFA
Accounting Policies: Purpose of Schedules Title 2 U.S. Code of Federal Regulations (CRF) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requires a disclosure of the financial activities of all federally funded programs. This schedule was prepared to comply with the Uniform and state requirements, Basis of Presentation. The accompanying Schedule of Expenditures of Federal Awards includes the federal grants activity of His Ideas, Inc. dba Children First Foster Family Agency and is presented on a cash basis. The information is this schedule is presented in accordance with requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate