Notes to SEFA
Title: Federal and state awards
Accounting Policies: A.Basis of AccountingThe Center's grant funds are accounted for on the accrual basis of accounting. Receipts are recorded when earned and authorized under the grant requirements, and expenditures are recorded as the authorized grant costs are incurred
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
During the year ended June 30, 2022, Ouachita Children's Youth and Family Services, Inc. (the Center) was the recipient of various federal and state grant funds. Federal funds were received either directly from the federal agency or indirectly through the State of Arkansas or other pass-through agencies. State funds were received directly from the State agencies.