Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the expenditures of all federal award programs of Seton Hill Child Services, Inc. (SHCS) using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: SHCS has elected not to use the 10 percent de minimus indirect cost rate allowed under Uniform Guidance
The accompanying schedule of expenditures of federal awards (the Schedule) presents the expenditures of all federal award programs of Seton Hill Child Services, Inc. (SHCS) using the accrual basis of accounting.
Title: Note 2: Relationship to Basic Financial Statements
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the expenditures of all federal award programs of Seton Hill Child Services, Inc. (SHCS) using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: SHCS has elected not to use the 10 percent de minimus indirect cost rate allowed under Uniform Guidance
The information in the 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). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the Schedule presents only a selected portion of the operations of SHCS, it is not intended to and does not present the financial position, changes in net assets or cash flows of SHCS.
Title: Note 3: Indirect Cost
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the expenditures of all federal award programs of Seton Hill Child Services, Inc. (SHCS) using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: SHCS has elected not to use the 10 percent de minimus indirect cost rate allowed under Uniform Guidance
SHCS has elected not to use the 10 percent de minimus indirect cost rate allowed under Uniform Guidance.
Title: Note 4: Subrecipient
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) presents the expenditures of all federal award programs of Seton Hill Child Services, Inc. (SHCS) using the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: SHCS has elected not to use the 10 percent de minimus indirect cost rate allowed under Uniform Guidance
SHCS provided $478,974 to Westmoreland Community Action related to the Federal Early Head Start Program (AL Number: 93.600) for year ended June 30, 2024.