Notes to SEFA
Title: NOTE 4: PASSED THROUGH TO SUBRECIPIENTS
Accounting Policies: NOTE 1: BASIS OF PRESENTATIONThe accompanying schedule of expenditures of federal awards (the Schedule)includes the federal award activity of Tippecanoe County Child Care, Inc. d/b/aRight Steps Child Development Centers under programs of the federalgovernment for the year ended December 31, 2022. The information in thisSchedule is presented in accordance with the requirements of Title 2 U.S.Code of Federal Regulations Part 200, Uniform Administrative Requirements,Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of theoperations of Tippecanoe County Child Care, Inc. d/b/a Right Steps ChildDevelopment Centers, it is not intended to and does not present the financialposition, changes in net assets, or cash flows of Tippecanoe County ChildCare, Inc. d/b/a Right Steps Child Development Centers.NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESA) Expenditures reported on the Schedule are reported on the accrual basis ofaccounting. Such expenditures are recognized following the cost principlescontained in the Uniform Guidance, wherein certain types of expendituresare not allowable or are limited as to reimbursement.B) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: NOTE 3: INDIRECT COST RATETippecanoe County Child Care, Inc. d/b/a Right Steps Child DevelopmentCenters has elected not to use the 10% de minimis indirect cost rate allowedunder the Uniform Guidance.
Tippecanoe County Child Care, Inc. d/b/a Right Steps Child DevelopmentCenters had no awards that were passed through to subrecipients.