Notes to SEFA
Title: NOTE 1 Basis of Presentation
Accounting Policies: TITLE 2 CFR PART 200 Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (the Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: N/A
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant activity of the San Antonio Early Childhood Education Municipal Development Corporation, dba Pre-K 4 SA, under programs of the federal government for the year ended June 30, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (the Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from the amounts presented in, or used in the preparation of, the financial statements.
Title: Note 2 summary of significant accounting policies
Accounting Policies: TITLE 2 CFR PART 200 Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (the Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: N/A
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Passthrough entity identifying numbers are presented when available. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowed or are limited to reimbursement.
Title: note 3 subrecipients
Accounting Policies: TITLE 2 CFR PART 200 Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (the Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: N/A
There were no subrecipients in the current year.
Title: note 4 indirect costs
Accounting Policies: TITLE 2 CFR PART 200 Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (the Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: N/A
The Corporation has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance
Title: note 4 loans
Accounting Policies: TITLE 2 CFR PART 200 Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (the Uniform Guidance)
De Minimis Rate Used: N
Rate Explanation: N/A
There were no loans or loan guarantees during the current year.