Notes to SEFA
Accounting Policies: NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESBasis of Presentation - The Schedule of Expenditures of Federal Awards includes the federal grant activity of Arizona Association of Family Day Care Providers 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts of expenditures at the date of the financial statements and during the reporting period. Actual results could differ from those estimates.Subsequent Events - The Organization has reviewed all subsequent events through May 17, 2023, which was the date the Schedule was available to be issued.NOTE 2 ASSISTANCE LISTING NUMBERSThe program title and assistance listing number were obtained from the federal or pass-through grantor or the 2022 Assistance Listing. NOTE 3 INDIRECT COST RATEThe Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.