Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: CFPIC has elected to use the 10% de minimis indirect cost rate as allowed by the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the grant activity of all federal financial award programs of Child and Family Policy Institute of California (CFPIC). 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the activities of CFPIC, it is not intended to and does not present either the financial position or changes in net assets of CFPIC.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: CFPIC has elected to use the 10% de minimis indirect cost rate as allowed by the Uniform Guidance.
Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: Y
Rate Explanation: CFPIC has elected to use the 10% de minimis indirect cost rate as allowed by the Uniform Guidance.
CFPIC has elected to use the 10% de minimis indirect cost rate as allowed by the Uniform Guidance.