Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The Coalition charges direct costs to the grant. Indirect costs are allocated based on payroll of each program.
The accompanying schedule of expenditures of federal awards and state financial assistance includes the
federal grant activity of Early Learning Coalition of Marion County, Inc. and is presented on the accrual
basis of accounting. The information in this schedule is presented in accordance with the requirements
of the Uniform Guidance; Chapter 69I-5, Rules of the Florida Department of Financial Services; 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 preparation of the financial statements.
Title: Indirect Cost Rate
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The Coalition charges direct costs to the grant. Indirect costs are allocated based on payroll of each program.
The Early Learning Coalition of Marion County, Inc. has elected not to use the 10% de minimis indirect
cost rate as allowed under the Uniform Guidance.
Title: State Matching Funds for Federal Awards
Accounting Policies: Accrual Basis of Accounting
De Minimis Rate Used: N
Rate Explanation: The Coalition charges direct costs to the grant. Indirect costs are allocated based on payroll of each program.
The following funds were provided by the State of Florida as matching funds for the federal programs as
follows: See the Notes to the SEFA for chart/table.