Notes to SEFA
Title: BASIS OF PRESENTATION
Accounting Policies: Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable,
such expenditures are recognized following the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement. No federal
financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: ECCDC has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of the Escondido Community Child Development Center (ECCDC") under programs of the federal government for the year ended June 30, 2024. 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 the operations of ECCDC, it is not intended to and does not present the net assets or changes in net assets of ECCDC.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable,
such expenditures are recognized following the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement. No federal
financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: ECCDC has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. No federal financial assistance has been provided to a subrecipient.
Title: INDIRECT COST RATE
Accounting Policies: Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable,
such expenditures are recognized following the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement. No federal
financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: ECCDC has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
ECCDC has not elected to use the ten percent de minimis cost rate.
Title: SUB-RECIPIENT
Accounting Policies: Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable,
such expenditures are recognized following the cost principles contained in the Uniform Guidance,
wherein certain types of expenditures are not allowable or are limited as to reimbursement. No federal
financial assistance has been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: ECCDC has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
During the year ended June 30, 2024, ECCDC did not provide any federal awards to sub recipients.