Notes to SEFA
Title: Program Income on Child Care and Development Block Grant
Accounting Policies: (1) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in OMB Circular A-122, Cost Principles for Non-profit Organizations, or the Uniform Guidance wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
(2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
In accordance with terms of the Child Care and Development Block Grant, program income totaling $191,376 was generated to be used towards reducing the amount of federal funds for the program. Program income is included in the schedule of expenditures of federal awards when received. Unexpended program income consists of the following:
Beginning of year balance $ 1,082,002
Program income 191,376
Expended (1,811)
End of year balance $ 1,271,567