Notes to SEFA
Accounting Policies: The accompanying Schedule of Federal Awards Expenditures includes the Federal grant activity of Lake-Geauga United Head Start, Inc. and is presented on the 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Lake-Geauga United Head Start, it is not intended to and does not present the financial position, changes in net assets or cash flows of this Agency.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.