Notes to SEFA
The period of availability for federal grant funds for the purpose of liquidation of outstanding obligations made on or before the ending date of the federal project period extended 90 days beyond the federal project period ending date, in accordance with provisions of federal program regulations to coincide with submission of the annual Financial Status report.
The Grantee is required to contribute at least twenty percent of the costs of the program through cash or in-kind contributions. The Grantee receives donated services from a variety of unpaid volunteers assisting the Grantee in providing services to Head Start children and families. These hours of volunteer services are valued by the Grantee at various hourly rates, depending upon the particular services provided. They also receive the use of various facilities for office space and child care on a month-to-month agreement. The difference in the actual lease amount paid and the fair value of the leased space is donated by the owner to the Grantee. The fair value of the contributed services and the use of these facilities has been recorded as both contributions and expenses, in accordance with provisions of federal program regulations.