Notes to SEFA
Accounting Policies: Healthy Kids, Inc. followed the accrual basis of accounting in preparing this schedule. The information in this schedule is presented in accordance with the requirements of OMBs Uniform Guidance and includes the federal grant activity of Healthy Kids, Inc. for the year ended September 30, 2022. Federal reimbursement for the CACFP is based on approved rates for services provided for meals served and administrative rates, not reimbursements of specific expenditures. Subrecipients of the grant to Healthy Kids, Inc. are the home child care providers and centers who received $579,450.80 and $415,630.99. Federal expenditures include $995,081.79 in total subrecipient payments and $98,650.00 in audited administrative costs earned.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.