Title: Note 3 - Noncash Federal Awards
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance includes the federal and state grant activity of the Early Learning Coalition of Florida's Heartland, Inc., (the "Coalition") and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with accounting principles generally accepted in the United States of America as applicable to non-profit organizations, the requirements of OMB Uniform Guidance, Section 215.97 Florida Statutes, the requirements of Chapter 10.650, Rules of the Auditor General of the State of Florida, and the special audit guidance provided by Florida's Office of Early Learning. Accordingly, some amounts presented in the schedule may differ from amounts presented in the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Coalition has elected to not use the 10-percent de minimus indirect cost rate for its federal programs and state projects for the year ended June 30, 2022. The indirect cost rates used on the Coalition's federal programs and state projects are determined by the relevant federal or state agency.
During the year ended June 30, 2022, the Coalition did not receive any nonmonetary federal assistance.
Title: Note 4 - Subrecipients
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance includes the federal and state grant activity of the Early Learning Coalition of Florida's Heartland, Inc., (the "Coalition") and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with accounting principles generally accepted in the United States of America as applicable to non-profit organizations, the requirements of OMB Uniform Guidance, Section 215.97 Florida Statutes, the requirements of Chapter 10.650, Rules of the Auditor General of the State of Florida, and the special audit guidance provided by Florida's Office of Early Learning. Accordingly, some amounts presented in the schedule may differ from amounts presented in the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Coalition has elected to not use the 10-percent de minimus indirect cost rate for its federal programs and state projects for the year ended June 30, 2022. The indirect cost rates used on the Coalition's federal programs and state projects are determined by the relevant federal or state agency.
Of the federal awards presented in the Schedule, the Coalition did not provide any amounts to subrecipients.
Title: Note 5 - Contingencies
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance includes the federal and state grant activity of the Early Learning Coalition of Florida's Heartland, Inc., (the "Coalition") and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with accounting principles generally accepted in the United States of America as applicable to non-profit organizations, the requirements of OMB Uniform Guidance, Section 215.97 Florida Statutes, the requirements of Chapter 10.650, Rules of the Auditor General of the State of Florida, and the special audit guidance provided by Florida's Office of Early Learning. Accordingly, some amounts presented in the schedule may differ from amounts presented in the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Coalition has elected to not use the 10-percent de minimus indirect cost rate for its federal programs and state projects for the year ended June 30, 2022. The indirect cost rates used on the Coalition's federal programs and state projects are determined by the relevant federal or state agency.
Grant monies received by the Coalition are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the Coalition does not believe that such disallowances, if any, would have a material effect on the financial position of the Coalition. As of June 30, 2022, there were no material questioned or disallowed costs as a result of grant audits in process or completed of which management was aware. Any adjustments to grant funding are recorded in the year the adjustment occurs.
Title: Note 6 - Major Federal Program Determination
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards and State Financial Assistance includes the federal and state grant activity of the Early Learning Coalition of Florida's Heartland, Inc., (the "Coalition") and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with accounting principles generally accepted in the United States of America as applicable to non-profit organizations, the requirements of OMB Uniform Guidance, Section 215.97 Florida Statutes, the requirements of Chapter 10.650, Rules of the Auditor General of the State of Florida, and the special audit guidance provided by Florida's Office of Early Learning. Accordingly, some amounts presented in the schedule may differ from amounts presented in the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Coalition has elected to not use the 10-percent de minimus indirect cost rate for its federal programs and state projects for the year ended June 30, 2022. The indirect cost rates used on the Coalition's federal programs and state projects are determined by the relevant federal or state agency.
Major federal program determination has been completed in accordance with the Uniform Guidance.