Notes to SEFA
Accounting Policies: The schedule of expenditures of federal awards includes the federal grant activity of P.A.R.E.N.T.S., Inc. and is presented, where applicable, on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some of the amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.