Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The schedule was prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Forum has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards and state financial assistance includes
the federal and state grant activity of Children's Forum, Inc. (the Forum). The information in the
schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations
(CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards, Audits of States, Local Governments, and Non-Profit Organizations, and Chapter
10.650, Rules of the Auditor General. Therefore, some amounts presented in this schedule may differ
from amounts presented in, or used in the presentation of, the basic financial statements.
Federal programs with difference assistance listing numbers (ALN) that are closely related because
they share common compliance requirements are defined as a cluster by the Uniform Guidance.
Child Care and Development Block Grant (ALN 93.575) is reported as a cluster in the schedule.
Title: Contingencies
Accounting Policies: The schedule was prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Forum has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
Grant monies received and disbursed by the Forum are subject to review by the grantor agencies.
Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon
prior experience, the Forum does not believe that such disallowance, if any, would have a material
effect on the financial position of the Forum. As of June 30, 2024, there were no material questioned
or disallowed costs as a result of grant audits in process or completed.
Title: Noncash Assistance
Accounting Policies: The schedule was prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Forum has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
The Forum did not receive any federal or state noncash assistance for the fiscal year ended June 30, 2024.
Title: Federally Funded Insurance
Accounting Policies: The schedule was prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Forum has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
The Forum did not receive federally funded insurance during the fiscal year ended June 30, 2024.
Title: Federally Funded Loans
Accounting Policies: The schedule was prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Forum has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
The Forum has no federally funded loans as of June 30, 2024. No funds were expended in the form
of loan or loan guarantees during the fiscal year ended June 30, 2024.