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Hibiscus Children ' s Center, Inc . - - <br /> ' NOTE TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS <br /> June 30, 2002 <br /> I - <br /> ' NOTE 1 - BASIS OF PRESENTATION <br /> The accompanying schedule of expenditures of federal awards includes the federal grant <br /> activity of Hibiscus Children ' s Center, Inc . and is presented on the accrual basis of <br /> ' accounting . The information in the schedule is presented in accordance with the <br /> requirements of OMB Circular A- 133 , Audits of States, Local Governments, and Non-Profit <br /> Organization. Therefore, some amounts presented in this schedule may differ from <br /> Iamounts presented in , or used in the preparation of, the basic financial statements . <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> i <br /> Page 17 <br />