BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards (“the Schedule”) includes the federal award activity of L.I. Child and Family Development Services, Inc. (“the Agency”) under programs of the federal government for the year ended November 30, 2025. The information in the Schedule is presented in accordance with 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 L.I. Child and Family Development Services, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of L.I. Child and Family Development Services, Inc.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements. Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
L.I. Child and Family Development Services, Inc. has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. In accordance with the Federal Requirement for the Head Start program, the Agency is in compliance with the 15% maximum administrative costs.
RECONCILIATION OF FINANCIAL STATEMENTS TO FEDERAL AWARDS Head Start Head Start One-Time Funding Early Head Start CC Partnership CACFP Expenses per GAAP $24,317,295 $ 53,673 $ 2,467,422 $1,298,937 Less: E-Rate- In-kind (250,310) - - - Less: E-Rate rebate (5,690) - - - Addback: Capitalized purchases of property plant and equipment 21,000 - - - Addback: Inventory costs - - - (9,406) Subtract: Depreciation on capitalized items (373,976) - - - Less: Program income for Route 112 Medford (24,055) - - - Total grant award 23,684,264 53,673 2,467,422 1,289,531 Less: In-kind (3,977,841) - (317,773) - Grant award $19,706,423 $ 53,673 $ 2,149,649 $1,289,531
The EHS-CCP has a program year of September 1, 2024 to August 31, 2025. The Schedule of Expenditures of Federal Awards is reported on the fiscal year ended November 30, 2025. A Schedule of reconciling the expenditures per the accompanying Schedule of Expenditures of Federal Awards to the Federal Financial Status Reports, is as follows: Expenditures Amount on August 31, 2025 Grant Award $ 2,420,476 Less: Expenditures for the Period September 1, 2025 – November 30, 2025 (11,046) Add: Expenditures for the Period September 1, 2024 – November 30, 2024 57,992 Amount per Schedule of Federal Awards $ 2,467,422
The Head Start program met its matching requirement as follows: Head Start Grant period ended 8/1/2024-11/30/2025 Required Amount $4,433,945 8/1/2024 – 11/30/2025 In-kind non-cash $3,976,017 E-rate non-cash 250,310 Universal Pre-K funding 1,236,912 Program In-Kind 5,463,239 Requirement Met