Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule") includes the federal award activity of Community Development Institute Head Start (“CDI-HS”), under the programs of the federal government, state, and local agencies, 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 CDI-HS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of CDI-HS.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (Cost Principles), wherein certain types of expenditures are not allowed or are limited as to reimbursement.
There were no sub-recipients per Assistance Listing number 93.600 as of June 30, 2025.
CDI-HS did not receive federal insurance, loans, or non-cash assistance during the year ended June 30, 2025.
CDI- HS has elected to use the ten percent de minimis indirect cost rate allowed by the Uniform Guidance.