Notes to SEFA
Title: Note 1 - Basis of Presentation
Accounting Policies: Basis of Accounting, Assistance Listing Numbers, Major Programs, Indirect Costs
De Minimis Rate Used: N
Rate Explanation: BRHS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Schedule includes programs operated by BRHS which include a portion of costs associated with general activities that are allocated to federal financial assistance programs using direct labor as a basis for allocation.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Bear River Head Start (BRHS) under programs of the federal government for the year ended January 31, 2023. 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 Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of BRHS, it is not intended to and does not present the financial position, changes in net assets, or cash flows of BRHS.
Title: Note 2 - Summary of Significant Accounting Policies
Accounting Policies: Basis of Accounting, Assistance Listing Numbers, Major Programs, Indirect Costs
De Minimis Rate Used: N
Rate Explanation: BRHS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Schedule includes programs operated by BRHS which include a portion of costs associated with general activities that are allocated to federal financial assistance programs using direct labor as a basis for allocation.
Basis of Accounting - Expenditures reported on the Schedule are reported using the same accounting policies and basis of accounting as the financial statements. 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. Assistance Listing Numbers - Uniform Guidance requires that the Schedule show the total expenditures for each of the entity's federal financial assistance programs as identified in the Assistance Listing Number (ALN). The ALN is a government-wide compendium of individual federal programs. Each program included in the ALN is assigned a five-digit program identification number (ALN number). Major Programs - Uniform Guidance establishes the levels of expenditures or expenses and other criteria to be used in defining major programs. Major programs have been noted on the Schedule of Findings and Questioned Costs in accordance with those definitions. Indirect Costs - BRHS has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Schedule includes programs operated by BRHS which include a portion of costs associated with general activities that are allocated to federal financial assistance programs using direct labor as a basis of allocation.