Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Southeast Minnesota Private Industry Council under the 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 Care Resource and Referral, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Southeast Minnesota Private Industry Council
Southeast Minnesota Private Industry Council received no federal or state awards of non-monetary assistance that are required to be disclosed for the year ended June 30, 2025. Southeast Minnesota Private Industry Council had no federal or state loans or loan guarantors required to be disclosed for the year ended June 30, 2025.
The Federal and state oversight agency for the Organization is the U.S. Department of Labor.
The Organization provided no federal awards to subrecipients during the year ending June 30, 2025.
Property and equipment acquired with grant funds are recorded as expenditures in the period of purchase on this schedule instead of being capitalized and depreciated over their estimated useful lives as required by generally accepted accounting principles.