Title: Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal and Non-federal Awards (“the Schedule”)
includes the federal award activity of McKinley Children’s Center, Inc. (“McKinley”), under the
programs of the federal government for the year ended June 30, 2024. The Schedule is presented in
accordance with 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 McKinley, it is not intended to and
does not present the financial position, changes in net assets, or cash flows of McKinley.
De Minimis Rate Used: Y
Rate Explanation: McKinley has elected to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
The accompanying Schedule of Expenditures of Federal and Non-federal Awards (“the Schedule”)
includes the federal award activity of McKinley Children’s Center, Inc. (“McKinley”), under the
programs of the federal government for the year ended June 30, 2024. The Schedule is presented in
accordance with 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 McKinley, it is not intended to and
does not present the financial position, changes in net assets, or cash flows of McKinley.
Title: Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal and Non-federal Awards (“the Schedule”)
includes the federal award activity of McKinley Children’s Center, Inc. (“McKinley”), under the
programs of the federal government for the year ended June 30, 2024. The Schedule is presented in
accordance with 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 McKinley, it is not intended to and
does not present the financial position, changes in net assets, or cash flows of McKinley.
De Minimis Rate Used: Y
Rate Explanation: McKinley has elected to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such
expenditures are recognized following the cost principles contained in 2CFR 200, Subpart E (Cost
Principles), wherein certain types of expenditures are not allowed or limited as to reimbursement.
McKinley has elected to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
Title: Pass-through to Sub-recipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal and Non-federal Awards (“the Schedule”)
includes the federal award activity of McKinley Children’s Center, Inc. (“McKinley”), under the
programs of the federal government for the year ended June 30, 2024. The Schedule is presented in
accordance with 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 McKinley, it is not intended to and
does not present the financial position, changes in net assets, or cash flows of McKinley.
De Minimis Rate Used: Y
Rate Explanation: McKinley has elected to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
McKinley did not provide any federal awards to sub-recipients.
Title: Other Information
Accounting Policies: The accompanying Schedule of Expenditures of Federal and Non-federal Awards (“the Schedule”)
includes the federal award activity of McKinley Children’s Center, Inc. (“McKinley”), under the
programs of the federal government for the year ended June 30, 2024. The Schedule is presented in
accordance with 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 McKinley, it is not intended to and
does not present the financial position, changes in net assets, or cash flows of McKinley.
De Minimis Rate Used: Y
Rate Explanation: McKinley has elected to use the 10 percent de minimis indirect cost rate as allowed under the
Uniform Guidance.
McKinley did not receive federal insurance, loans, or non-cash assistance during the year ended June
30, 2024.