Notes to SEFA
Title: Pass-through to Sub-recipients
Accounting Policies: Basis of Presentation The accompanying Schedule of Expenditures of Federal and Non-federal Awards (the Schedule)includes the federal award activity of Haynes Family of Programs (HFP), under the programs ofthe federal government for the year ended June 30, 2022. The Schedule is presented in accordancewith the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because theSchedule presents only a selected portion of the operations of HFP, it is not intended to and doesnot present the financial position, changes in net assets, or cash flows of HFP.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Basis of Accounting Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (CostPrinciples), wherein certain types of expenditures are not allowed or limited as to reimbursement.HFP has elected not to use the 10 percent de minimis indirect cost rate as allowed under theUniform Guidance.
HFP did not provide any federal awards to sub-recipients during the year ended June 30, 2022.
Title: Other Information
Accounting Policies: Basis of Presentation The accompanying Schedule of Expenditures of Federal and Non-federal Awards (the Schedule)includes the federal award activity of Haynes Family of Programs (HFP), under the programs ofthe federal government for the year ended June 30, 2022. The Schedule is presented in accordancewith the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform AdministrativeRequirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because theSchedule presents only a selected portion of the operations of HFP, it is not intended to and doesnot present the financial position, changes in net assets, or cash flows of HFP.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate. Basis of Accounting Expenditures reported on the Schedule are reported on the accrual basis of accounting. Suchexpenditures are recognized following the cost principles contained in 2 CFR 200, Subpart E (CostPrinciples), wherein certain types of expenditures are not allowed or limited as to reimbursement.HFP has elected not to use the 10 percent de minimis indirect cost rate as allowed under theUniform Guidance.
HFP did not receive federal insurance, loans, or non-cash assistance during the year ended June 30,2022.