Notes to SEFA
Accounting Policies: (1)General:The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance include the grant activity of the Coalition 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), Chapter 10.650, Rules of the Auditor General, and the Rules of the Executive Office of the Governor of the State of Florida. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.Indirect cost rate is dictated by federal and state contract terms. The 10-percent de minimis indirect cost rate, as allowed under the Uniform Guidance, is not in effect nor is it available under these contracts.(2)Other State Financial Assistance Received:The Coalition received funding from the DEL that was not subject to Section 215.97, Florida Statutes, as follows:Floridas Office of Early Learning Contract NumberExpenditureA. Matching Funds for Federal Programs:State Matching Funds - 93.596 School ReadinessCCDF Mandatory and Matching EL252$1,197,591(3)Reconciliation to Statewide School Readiness Data and Reporting System:The Coalition performs reconciliations of its financial reports to the Statewide School Readiness Data and Reporting System in a timely and satisfactory manner.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.