Notes to SEFA
Title: Note 1. Basis of Accounting
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance
with U.S. generally accepted accounting principles, except that reported Federal expenditures include
purchases of long-lived assets, which are capitalized as assets and not reported as expenses in the
financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance and/or OMB Circular A-122, Cost Principles for Non-profit Organizations,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Child Care Resources, Inc. did not elect to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of Child Care Resources, Inc. under programs of the federal government for the year ended
September 30, 2024. The information in this Schedule is presented in accordance with the requirements
of Title 2 U.S. Code of Federal Regulations (CFR) 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 operations of Child Care Resources, Inc., it is not
intended to and does not present the financial position, changes in net assets, or cash flows of Child
Care Resources, Inc.
Title: Note 4. Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance
with U.S. generally accepted accounting principles, except that reported Federal expenditures include
purchases of long-lived assets, which are capitalized as assets and not reported as expenses in the
financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance and/or OMB Circular A-122, Cost Principles for Non-profit Organizations,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Child Care Resources, Inc. did not elect to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
The Organization did not provide awards to subrecipients during the year ended September 30, 2024.
Title: Note 5. Child Care and Development Cluster
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting in accordance
with U.S. generally accepted accounting principles, except that reported Federal expenditures include
purchases of long-lived assets, which are capitalized as assets and not reported as expenses in the
financial statements. Such expenditures are recognized following the cost principles contained in the
Uniform Guidance and/or OMB Circular A-122, Cost Principles for Non-profit Organizations,
wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Child Care Resources, Inc. did not elect to use the 10 percent de minimis indirect cost rate as allowed
under the Uniform Guidance.
Although the Child Care Mandatory and Matching Funds of the Child Care and Development Fund
(ALN 93.596) is part of the Child Care and Development Fund Cluster, no funds were received or
expended under this ALN during the year ended September 30, 2024.