Notes to SEFA
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 UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement. Negative amounts shown on the Schedule represent adjustments or creditsmade in the normal course of business to amounts reported as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: Chatham County Partnership for Children has elected to not use the 10-percent de minimusindirect cost rate allowed under the Uniform Guidance.MWB
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presentsthe expenditures of all federal award programs of Chatham County Partnership for Children for the year ended June 30, 2022. 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 portion of the operations of Chatham County Partnership for Children, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Chatham County Partnership for Children.