The schedule of expenditures of federal awards includes the federal grant activity of Agency and is presented on the modified accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. At June 30, 2025, Agency had no outstanding Federal loan balances requiring continuing disclosure.
Agency did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Agency accumulates administrative costs in an indirect cost pool and allocates these costs to programs based on each program’s total direct expenditures. Administrative costs are those costs incurred for the common benefit of all Agency programs that cannot be readily identified with a final cost objective. This plan has been approved by the Department of Health and Human Services. The approved provisional rate for the year ended June 30, 2025, was 6.70%.
Agency delegates a portion of their federal Head Start program to two local school districts. Expenditures reported by the delegates for the year ended June 30, 2025, are as follows: Delegate Agency Federal Head Start Carter County Head Start $ 1,334,776 Johnson County Board of Education 758,671 $ 2,093,447
The Head Start program, funded by the Department of Health and Human Services, requires that the program receive a nonfederal share equal to 25% of total federal expenditures. The nonfederal in-kind contributions were received by Agency and delegate agencies as follows: Delegates/Agency 04CH010996/06 Total Carter County Head Start $ 292,105 $ 292,105 Johnson County Board of Education 124,059 124,059 416,164 416,164 Agency 2,440,243 2,440,243 Total Head Start in-kind $ 2,856,407 $ 2,856,407