Title: BASIS OF PRESENTATION
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 allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: West Central Child Care Connection Inc has elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant
activity of West Central Child Care Connection, Inc. 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 (Uniform Guidance). Because the Schedule presents only a selected
proportion of the operations of West Central Child Care Connection, Inc., it is not intended to and does not
present the financial position, changes in net assets or cash flows of West Central Child Care Connection, Inc.
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: West Central Child Care Connection Inc has elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024.
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 allowable or are limited as to reimbursement.
Title: FEDERAL INSURANCE AND LOANS
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 allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: West Central Child Care Connection Inc has elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024.
During the year ended June 30, 2024, West Central Child Care Connection, Inc. did not receive any federal
assistance from loans, loan guarantees, or insurance.
Title: INDIRECT COST RATE
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 allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: West Central Child Care Connection Inc has elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024.
West Central Child Care Connection, Inc. has elected to use the 10% de minim is indirect cost rate for the
year ended June 30, 2024.
Title: 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 allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: West Central Child Care Connection Inc has elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024.
There were no amounts passed through to subrecipients during the year ended June 30, 2024.