Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Child Care Resource Center, Inc., under programs of the federal government for the year ended September 30, 2023. 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 Care Resource Center, Inc., it is not intended to and does not present the financial position, changes in net position, or cash flows of the Child Care Resource Center, Inc.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting. Such expenditures are recorded when the liabilities are incurred.
The Child Care Resource Center, Inc., has elected not to use the 10-percent de-minimis indirect cost rate allowed under the Uniform Guidance.