Notes to SEFA
Title: Noncash Assistance
Accounting Policies: Expenditures reported on the Schedule are reported using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance. As a result, some expenditures presented in this Schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: Chaddock and Related Entities has elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024.
Chaddock and Related Entities received noncash assistance from the U.S. Department of Agriculture in the form of food commodities that were consumed as part of the federal nutrition programs for lunch and breakfast. For the year ended June 30, 2024, the amount of noncash assistance received for this program was $5,417.
Title: Federal Insurance and Loans
Accounting Policies: Expenditures reported on the Schedule are reported using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance. As a result, some expenditures presented in this Schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: Chaddock and Related Entities 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, Chaddock and Related Entities did not receive any federal assistance from loans, loan guarantees, or insurance.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance. As a result, some expenditures presented in this Schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: Chaddock and Related Entities has elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024.
Chaddock and Related Entities did not disburse any federal funds to subrecipients for the year ended June 30, 2024.
Title: Multiple Taxpayer Identification Numbers (TINs)
Accounting Policies: Expenditures reported on the Schedule are reported using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance. As a result, some expenditures presented in this Schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
De Minimis Rate Used: Y
Rate Explanation: Chaddock and Related Entities has elected to use the 10% de minimis indirect cost rate for the year ended June 30, 2024.
The accompanying Schedule includes the federal expenditures of Chaddock and Related Entities reported under the following TINs: