Notes to SEFA
of the Cool Kids Child Care Education and Nutrition, Inc. under programs of the federal government for the year ended September 30, 2025, 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 operation of Cool Kids Child Care Education and Nutrition, Inc. it is not intended to and does not present the financial position, changes in net assets, or cash flows.
Expenditures reported on the Schedule are presented on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The de minimis indirect cost rate was not elected.
During the year ended September 30, 2025, the Organization passed $4,559,270 through to subrecipients.
Grant monies received and disbursed by the Organization are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, management does not believe that such disallowance, if any, would have a material effect on the financial position of the Organization. As of September 30, 2025, there were no material questioned or disallowed costs as a result of grant audits in process or completed.