Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The SEFA presents the expenditures of all federal awards reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Connections for Children did not elect to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Schedule of Expenditures of Federal and State Awards ("SEFA") includes the expenditures of federal awards of Connections for Children. The federal information in this schedule is presented in accordance with the regulations of Uniform Grants Guidance, 2 CFR Part 200, Subpart F. These amounts presented in this schedule may differ from amounts presented in, or used in the presentation of the financial statements.