Notes to SEFA
Title: NOTE 1 – BASIS OF PRESENTATION
Accounting Policies: On Form
De Minimis Rate Used: N
Rate Explanation: Not Used
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of
Pennsylvania Child Care Association under programs of the federal government for the year ended June 30, 2024.
The information in this Schedule 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. Because the Schedule presents only a selected portion of the operations of Pennsylvania Child Care
Association, it is not intended to and does not present the financial position or changes in net assets of Pennsylvania
Child Care Association.
Title: NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: On Form
De Minimis Rate Used: N
Rate Explanation: Not Used
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are
not allowable or are limited as to reimbursement.