Title: Note 1 - Basis of Presentation
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards presents the activity of federal award programs administered by Cattaraugus County Project Head Start, Inc., which is described in Note 1 to the Organization’s accompanying financial statements for the year ended December 31, 2023. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information 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 operations of Cattaraugus County Project Head Start, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Cattaraugus County Project Head Start, Inc.
Summary of Significant Accounting Policies - Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Cattaraugus County Project Head Start, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance in the current year.
The accompanying Schedule of Expenditures of Federal Awards presents the activity of federal award programs administered by Cattaraugus County Project Head Start, Inc., which is described in Note 1 to the Organization’s accompanying financial statements for the year ended December 31, 2023. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information 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 operations of Cattaraugus County Project Head Start, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Cattaraugus County Project Head Start, Inc.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards presents the activity of federal award programs administered by Cattaraugus County Project Head Start, Inc., which is described in Note 1 to the Organization’s accompanying financial statements for the year ended December 31, 2023. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information 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 operations of Cattaraugus County Project Head Start, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Cattaraugus County Project Head Start, Inc.
Summary of Significant Accounting Policies - Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Cattaraugus County Project Head Start, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance in the current year.
Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Title: Note 3 - Indirect Cost Rate
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards presents the activity of federal award programs administered by Cattaraugus County Project Head Start, Inc., which is described in Note 1 to the Organization’s accompanying financial statements for the year ended December 31, 2023. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information 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 operations of Cattaraugus County Project Head Start, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Cattaraugus County Project Head Start, Inc.
Summary of Significant Accounting Policies - Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Cattaraugus County Project Head Start, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance in the current year.
Cattaraugus County Project Head Start, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance in the current year.
Title: Note 4 - Subrecipients
Accounting Policies: Basis of Presentation - The accompanying Schedule of Expenditures of Federal Awards presents the activity of federal award programs administered by Cattaraugus County Project Head Start, Inc., which is described in Note 1 to the Organization’s accompanying financial statements for the year ended December 31, 2023. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information 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 operations of Cattaraugus County Project Head Start, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of Cattaraugus County Project Head Start, Inc.
Summary of Significant Accounting Policies - Expenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Cattaraugus County Project Head Start, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance in the current year.
Cattaraugus County Project Head Start, Inc. provided no Federal awards to subrecipients during the year ended December 31, 2023.