Notes to SEFA
Title: Noncash Assistance and Insurance
Accounting Policies: 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, wherein certain types of expenditures are not allowed or are limited as to reimbursement. The Baby Fold elected not to use the de minimus rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Baby Fold received $8,209 in food commodities during the year ended June 30, 2022.
Title: Loans Outstanding and Subrecipients
Accounting Policies: 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, wherein certain types of expenditures are not allowed or are limited as to reimbursement. The Baby Fold elected not to use the de minimus rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
No loans or loan guarantees were received during the year ended June 30, 2022.No amounts reported on the accompanying schedule of expenditures of federal awards were provided to subrecipients during the year ended June 30, 2022.