Notes to SEFA
Accounting Policies: NOTE 1 Basis of PresentationThe accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Child & Family Center, 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.NOTE 2 Summary of Significant Accounting PoliciesExpenditures reported on the Schedule of Expenditures of Federal Awards are reported on the accrual basis of accounting, which is described in the notes to the financial statements of Child & Family Center as of and for the year ended June 30, 2022. Negative amounts shown on the Schedule of Expenditures of Federal Awards represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. In the Schedule of Expenditures of Federal Awards, where expenditures exceed the federal award amount, the difference is funded with state, local or other non-federal funds. Pass-through entity identifying numbers are presented where available.Child & Family Center did not elect to use the 10% de minimis indirect cost rate for the year ended June 30, 2022.There were no awards passed through to subrecipients.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.