Notes to SEFA
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule or SEFA) includes the federal grant activity of The Childrens Village, Inc. and Affiliates (the Agency) under programs of the federal government for the year ended June 30, 2022. The information in this schedule is presented in accordance with the requirements of the U.S. Office of Management and Budget Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency. The Schedule has been prepared on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
These were no payments made to subrecipients from federal awards expended during the year ended June 30, 2022.