Notes to SEFA
Accounting Policies: Purpose of Schedules Title 2 U.S. Code of Federal Regulations (CRF) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requires a disclosure of the financial activities of all federally funded programs. This schedule was prepared to comply with the Uniform and state requirements. Basis of Presentation - The accompanying Schedule of Expenditures of Federal awards includes the federal grant activity of His Ideas, Inc. dba Children First Foster Family Agency and is presented on a cash basis. The information on this schedule is presented in accordance with requirements of the Uniform Guidance, Audits of States, Local Governments, and Non-profit Organizations.
De Minimis Rate Used: Y
Rate Explanation: The auditee used the de minimis cost rate.