Notes to SEFA
Title: Relationship to Federal Financial Reports
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Avoyelles Child Development Services, Inc. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
A reconciliation of total expenditures of federal awards reported in the Schedule ofExpenditures of Federal Awards to total expenses reported in the Statement of Functional Expensesfollows:Total expenses reported in the Statement of Functional Expenses $ 2,472,556Add: Principle payments on notes 106,485Purchase of assets 137,142Change in prepaid insurance 14,440Additional principal reduction payments 62,502Change in accured salaries and related benefits (3,266)Less: Accrual timing differences (8,517)In-kind contribution expenses (16,592)Depreciation (135,513)Total federal expenditures reported in the Schedule of Expendituresof Federal Awards $ 2,629,237