Notes to SEFA
Title: Note 1 Basis of Presentation
Accounting Policies: NOTE 2 Summary of Significant Accounting Policies(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.(2) Pass-through entity identifying numbers are presented where available.(3) Community Child Care Center has elected not to use the 10 percent de minimis indirectcost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the Schedule) includes thefederal award activity of Community Child Care Center under programs of the federalgovernment for the year ended June 30, 2022. The information in this Schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards(Uniform Guidance). Because the Schedule presents only a selected portion of the operations ofCommunity Child Care Center, it is not intended to and does not present the financial position,changes in net assets, or cash flows of Community Child Care Center.
Title: NOTE 3 Sub-Recipients
Accounting Policies: NOTE 2 Summary of Significant Accounting Policies(1) Expenditures reported on the Schedule are reported on the accrual basis of accounting.Such expenditures are recognized following the cost principles contained in UniformGuidance, wherein certain types of expenditures are not allowable or are limited as toreimbursement.(2) Pass-through entity identifying numbers are presented where available.(3) Community Child Care Center has elected not to use the 10 percent de minimis indirectcost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Community Child Care Center did not pass any federal awards through to subrecipients.