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Note 10 – Grant Revenue
Grant revenue recognized for the years ended June 30, 2018 and 2017, was received from the following sources:
Child Care Resource Center, Inc. Notes to Financial Statements
Years Ended June 30,
California Department of Education CalWORKs Stage II CalWORKs Stage III Alternative Payments
Family Child Care Home Education Networks Resource & Referral
Child and Adult Care Food Program California State Preschool Program
Other grants (individually $250,000 or less) Department of Health and Human Services –
Administration for Children & Families
Office of San Bernardino County Superintendent of Schools San Bernardino County – Preschool Service Department San Bernardino County Children and Families Commission Los Angeles County Children and Family First
Proposition 10 Commission (Frist 5 LA) Child Care Alliance of Los Angeles
Quality Start Los Angeles – California State Preschool Program Community Partners
Other grants (individually $250,000 or less)
Note 11 – Retirement Plans
$
2018
89,752,511 53,769,098 28,741,072
3,084,361 1,617,710 778,015 332,777 501,467
34,081,370 2,586,035 1,746,618 1,649,646
2,008,078
379,093
350,000 1,079,044
2017
$ 72,059,272 41,668,925 31,883,279 3,020,897 1,633,113 760,016 1,866 260,891
30,889,485 787,040 2,215,086 1,060,360
1,662,960
324,515 - 1,235,971
$ 189,463,676
$ 222,456,895
CCRC maintains two contributory retirement plans for its eligible employees. The plans are a defined contribution pension plan under Internal Revenue Code Section 403(b) that is available to all of its employees with at least ninety days of employment and a defined contribution plan under Section 457(b) that is available to eligible executive management employees. Starting January 1, 2017, CCRC implemented an employer match to the 403(b) plan based on 50% of employee contributions up to the first 4% deferred. During the years ended June 30, 2018 and 2017, CCRC made discretionary employer contributions to these plans totaling $1,266,692 and $1,037,569, respectively, and is recorded within "employee benefits" in the accompanying statements of functional expenses.
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