Notes to SEFA
Accounting Policies: Summary of Significant Accounting Policies The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
award activity of Connecticut Association for the Education of Young Children, Inc under programs
of the federal government for the year ended June 30, 2024. The information is 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
Connecticut Association for the Education of Young Children, Inc, it is not intended to and does
not present the financial position, changes in net assets, or cash flows of Connecticut Association
for the Education of Young Children, Inc.
1. 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.
2. Connecticut Association for the Education of Young Children, Inc. did not use the 10 percent de
minimis indirect cost rate.
3. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Connecticut Association for the Education of Young Children, Inc. did not use the 10 percent de
minimis indirect cost rate.