Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the schedule of expenditures of federal awards are 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.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Note 1 - Basis of PresentationThe accompanying schedule of expenditures of federal awards includes the federal award activity of Safe Berks (the Agency) under programs of the federal government for the year ended June 30, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements Cost Principals, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule of expenditures of federal awards presents only a selected portion of the operations of the Agency, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Agency.Note 4 - Noncash Federal AssistanceThe Agency did not receive any noncash federal assistance for the year ended June 30, 2022.