Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of The Children's Center Utah (TCCU) under programs of the federal government for the year ended June 30, 2025. The information is presented in accordance with 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 select portion of the operations of TCCU, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of TCCU.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Subpart E – Cost Principles of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. TCCU’s summary of significant accounting policies is presented in Note 1 in TCCU’s basic financial statements. No federal financial assistance has been provided to a subrecipient
TCCU has elected to use the 10% or 15% de minimis cost rate, depending on the granting agency’s applicable guidance