Notes to SEFA
Title: General
Accounting Policies: The accompanying Schedule is presented using the cash basis of accounting. The information
in the 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 the Center, it is not intended to and does not present the consolidated financial position,
changes in net assets or cash flows of the Center.
De Minimis Rate Used: N
Rate Explanation: The Center has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal
grant activity of Beaver County Rehabilitation Center, Inc. and Subsidiary (the Center). All federal
awards expended during the year ended June 30, 2023 from federal and pass-through agencies are
included in the Schedule.
Title: Community Facilities Loans (USDA Loan)
Accounting Policies: The accompanying Schedule is presented using the cash basis of accounting. The information
in the 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 the Center, it is not intended to and does not present the consolidated financial position,
changes in net assets or cash flows of the Center.
De Minimis Rate Used: N
Rate Explanation: The Center has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The USDA loan included on the Schedule is administered directly by the Center and the balance and
transactions related to this program are included in the Center's basic consolidated financial statements.
In accordance with the Uniform Guidance, the Schedule reflects the balance of the loan outstanding at
the beginning of the fiscal year or June 30, 2022. There were no new loans made or received during the
year ended June 30, 2023. The balance of the loan outstanding at June 30, 2023 was $3,298,159.