Notes to SEFA
Accounting Policies: The accompanying Schedule of Expenditures of Federal and State Awards (the Schedule) includes the federal grant activity of Valley Oaks Childrens Services, Inc. under the programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations, Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Valley Oaks Childrens Services, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Valley Oaks Childrens Services, Inc.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.