Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (Schedule) includes the federal and state grant activity of Children’s Advocacy Center for North Texas, Inc. (Center). The information in this Schedule is presented in accordance with the audit 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) and Texas Grant Management Standards (TxGMS). Because the Schedule only presents a selected portion of the operations of the Center, it is not intended and does not present the financial position, changes in net assets or cash flows of the Center. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance or TxGMS, wherein certain types of expenditures are not allowable or are limited as to reimbursement.The Center has not elected to use the de minimis indirect cost rate and continues to use the cost allocation plan negotiated individually with its grantors, as applicable.