Title: Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal awards activity of Kids Incorporated of the Big Bend, Inc. under programs of the federal government for the year ended May 31, 2024 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in a prior year. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Expenditures include indirect costs, related primarily to general administrative services, which are allocated to direct cost objectives (including federal awards) based on negotiated formulas commonly referred to as administrative cost rates. Administrative cost rates allocated to such awards for the year
ended May 31, 2024, were based on fixed rates negotiated with Kids Incorporated of the Big Bend, Inc.’s cognizant federal Organization, the U.S. Department of Health and Human Services. Therefore, Kids Incorporated of the Big Bend, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
No amounts were passed through to subrecipients during the fiscal year ended May 31, 2024.
Title: Head Start Program
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal awards activity of Kids Incorporated of the Big Bend, Inc. under programs of the federal government for the year ended May 31, 2024 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following, as applicable, either the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts, if any, shown on the schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in a prior year. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Expenditures include indirect costs, related primarily to general administrative services, which are allocated to direct cost objectives (including federal awards) based on negotiated formulas commonly referred to as administrative cost rates. Administrative cost rates allocated to such awards for the year
ended May 31, 2024, were based on fixed rates negotiated with Kids Incorporated of the Big Bend, Inc.’s cognizant federal Organization, the U.S. Department of Health and Human Services. Therefore, Kids Incorporated of the Big Bend, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Kids Incorporated of the Big Bend, Inc. operates full year Head Start/Early Head Start Programs. The Head Start/Early Head Start Programs provide comprehensive early child development for disadvantaged infants and preschool children and their families. Under these programs, Kids Incorporated of the Big Bend, Inc. is required to obtain matching revenue from private sources and in-kind contributions. Kids Incorporated of the Big Bend, Inc. did not obtain the required matching revenue and in-kind contributions
for the year ended May 31, 2024, however, Kids Incorporated of the Big Bend, Inc. received a waiver from the U.S. Department of Health and Human Services.