Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Head Start Child & Family Development Centers, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of Head Start Child & Family Development Centers, Inc. The information in this schedule is presented in
accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Where grant numbers are not available, an “N/A” has been indicated.
Title: Subrecipients
Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Head Start Child & Family Development Centers, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Head Start Child & Family Development Centers, Inc. provided no federal awards to subrecipients during the fiscal year ending May 31, 2023.
Title: Disclosure of Other Forms of Assistance
Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Head Start Child & Family Development Centers, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Head Start Child & Family Development Centers, Inc. received no federal or state awards of non-monetary assistance that are required to be disclosed for the fiscal year ended May 31, 2023. Head Start Child & Family Development Centers, Inc. had no federal or state loans or loan guarantors required to be disclosed for the year ended May 31, 2023.
Title: Property and Equipment
Accounting Policies: Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Head Start Child & Family Development Centers, Inc. has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Property and equipment acquired with grant funds are recorded as expenditures in the period of purchase instead of being capitalized and depreciated over their estimated useful lives as required by generally accepted
accounting principles.