Notes to SEFA
Title: A. Basis of Presentation
Accounting Policies: B. Summary of Significant Accounting Policies
In accordance with generally accepted accounting principles, the Organization accounts for all awards
under federal and state programs on an accrual basis of accounting and, accordingly, reflects all
significant receivables, payables, and other liabilities.
Federal and state grant funds are considered to be earned to the extent of expenditures made under the
provisions of the grant. When such funds are advanced to the Organization, they are recorded as
deferred revenues until earned. Otherwise, federal and state grant funds are received on a
reimbursement basis from the respective federal and state program agencies. Generally, unused
balances are returned to the grantor at the close of specified project periods.
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 and
TxGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Negative amounts shown on the Schedule represent adjustments or credits made in the normal course
of business to amounts reported as expenditures in prior years. Pass-through entity identifying
numbers are presented where available. The Organization has elected not to use the 10-percent de
minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: See Note B, last paragraph, last sentence.
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and state grant activity of Dallas Childrens Advocacy Center and Dallas Childrens Advocacy Center Foundation (collectively, the Organization) under programs of the federal and state government for the year ended September 30, 2024. The information in this schedule is presented in accordance with the requirements of the Title 2 U.S CFR Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the State of Texas Grant Management Standards (TxGMS). 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.