Notes to SEFA
Title: Basis of Accounting
Accounting Policies: Note 1 - Basis of Accounting (accrual) and Note 2 - No use of de minimis cost rate
De Minimis Rate Used: N
Rate Explanation: No use of the de minimis cost rate used
The accompanying schedule of expenditures of federal awards includes the federal grant activity
of the Montgomery County Children's Advocacy Center, Inc. and is presented on the accrual basis
of accounting. The information in this schedule is presented in accordance with the requirements
of Title 2 U.S. Code of Federal Regulations. Therefore, some amounts presented in this schedule
may differ from amounts presented in or used in the preparation of the basic financial statements.
Title: Indirect Cost Rate
Accounting Policies: Note 1 - Basis of Accounting (accrual) and Note 2 - No use of de minimis cost rate
De Minimis Rate Used: N
Rate Explanation: No use of the de minimis cost rate used
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the
Uniform Guidance.