Title: Note 1 - Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and 2CFR part 200.502, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: International Child Resource Institute Programs, Inc. has elected not to use the ten (10) percent de minimis indirect cost rate as allowed under Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes the federal award activity of the International Child Resource Institute Programs, Inc., under programs of the federal government for the years ending June 30, 2024 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 operation of the International Child Resource Institute Programs, Inc., it is not intended to and does not present the financial position, changes in net position, or cash flows of the International Child Resource Institute Programs, Inc. International Child Resource Institute Programs, Inc. reporting entity is defined in Note 1 to the Organization’s basic financial statements.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and 2CFR part 200.502, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: International Child Resource Institute Programs, Inc. has elected not to use the ten (10) percent de minimis indirect cost rate as allowed under Uniform Guidance.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and 2CFR part 200.502, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
Title: Note 3 - Pass -Through Entities Identifying Number
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and 2CFR part 200.502, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: International Child Resource Institute Programs, Inc. has elected not to use the ten (10) percent de minimis indirect cost rate as allowed under Uniform Guidance.
When federal awards were received from a pass-through entity, the schedule shows, if available, the identifying number assigned by the pass-through entity. When no identifying number is shown, International Child Resource Institute Programs, Inc. has determined that no identifying number is assigned for the program or International Child Resource Institute Programs, Inc. was unable to obtain an identifying number from the pass-through entity
Title: Note 4 - Assistance Listing Numbers
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and 2CFR part 200.502, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: International Child Resource Institute Programs, Inc. has elected not to use the ten (10) percent de minimis indirect cost rate as allowed under Uniform Guidance.
The assistance listing numbers included in this report were determined based on the program name, review of grant contract information, and the Office of Management Budget’s Catalog of Federal Domestic Assistance.
Title: Note 5 - Indirect Cost Rate
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and 2CFR part 200.502, wherein certain types of expenditures are not allowed or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: International Child Resource Institute Programs, Inc. has elected not to use the ten (10) percent de minimis indirect cost rate as allowed under Uniform Guidance.
International Child Resource Institute Programs, Inc. has elected not to use the ten (10) percent de minimis indirect cost rate as allowed under Uniform Guidance.