Notes to SEFA
The Schedule includes the federal grant activity of CFC under programs of the federal government for the year ended September 30, 2025. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of the basic financial statements. Because the Schedule presents only a selected portion of CFC’s operations, it is not intended to and does not present the financial position, changes in net assets or cash flows of CFC.
There were no pass through federal awards made to subrecipients by CFC during 2025.
CFC received funding under the Temporary Assistance Program for Needy Families (AL #93.558) (TANF) through Massachusetts Department of Early Education & Care. The State has transferred the TANF funds into the Childcare and Development Fund (CCDF) as allowed by the TANF program. The OMB Compliance Supplement requires the transferred TANF funds to be reported as CCDF expenditures. CFC has reported $487,492 in expenditures of TANF funds as CCDF expenditures under AL #93.575 on the Schedule.
Fixed assets purchased with federal cost reimbursement grant funds are capitalized in the period purchased on the basic financial statements in accordance with generally accepted accounting principles; however, these costs are included on the Schedule as federal expenditures. During fiscal year 2025, fixed asset expenditures reported on the Schedule are as follows: Head Start, AL #93.600, $1,534,792.
Nonmonetary assistance received under the Emergency Food Assistance program (AL #10.569) is reported in the Schedule at fair market value of the commodities received and disbursed.
The value of Special Supplemental Nutrition for Women, Children and Infants food checks redeemed for the year ended September 30, 2025 totaled $2,122,103. The value is not recorded in CFC's accounting records.