Notes to SEFA
Accounting Policies: BASIS OF PRESENTATION
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of
The Children’s Center of Cicero-Berwyn, Inc. (the “Organization”) under programs of the federal government for the
year ended June 30, 2024. The information in 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. Because the Schedule presents only a selected portion of the operations of the
Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of
the Organization.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
Pass-through entity identifying numbers are presented when applicable and available.
The Organization has elected to use the 10% de minimis indirect cost rate allowed by the Uniform Guidance.
SUBRECIPIENTS
There were no subrecipients during the year ended June 30, 2024.
FEDERAL AWARDS IN THE FORM OF LOANS/LOAN GUARANTEES/INTEREST SUBSIDIES
There were no federal awards expended in the form of loans/ loan guarantees/ interest subsidies at June 30, 2024.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate allowed by the Uniform Guidance.