Notes to SEFA
The accompanying schedule of expenditures of Federal and State Awards (the “Schedule”) includes the federal and state grant activity of Child Lane under programs of the federal government for the year ended June 30, 2025. The information in this Schedule 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Child Lane, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Child Lane.
Expenditures reported on this Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulation Part 200, Uniform Administrative Requirements, wherein certain types of expenditures are not allowable or are limited for reimbursement.
Child Lane has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.