Notes to SEFA
Title: Basis of Accounting
Accounting Policies: The schedule of expenditures of federal and state awards (the Schedule) includes the activity of all the federal and state grant programs administered by Any Baby Can of Austin, Inc. (the Organization). The Schedule presents total federal and state awards expended for each individual program.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
The expenditures for each of the federal and state financial assistance programs are presented on the accrual basis of accounting, consistent with the Organization’s basic financial statements. The amounts reported in the financial statements agree with the amounts reported in the schedule as follows:
Title: Local Funds
Accounting Policies: The schedule of expenditures of federal and state awards (the Schedule) includes the activity of all the federal and state grant programs administered by Any Baby Can of Austin, Inc. (the Organization). The Schedule presents total federal and state awards expended for each individual program.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
In accordance with the terms of the Early Childhood Intervention Program, the Organization provided sources of funds other than federal and state to support the program totaling $3,637,046 for the year ended August 31, 2024.
Title: Insurance Coverage
Accounting Policies: The schedule of expenditures of federal and state awards (the Schedule) includes the activity of all the federal and state grant programs administered by Any Baby Can of Austin, Inc. (the Organization). The Schedule presents total federal and state awards expended for each individual program.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
Any Baby Can of Austin, Inc. carried insurance coverage of $2,000,000 per incident for employee theft and $500,000 for forgery and alteration during the grant period.