Notes to SEFA
Title: Note 1 – Basis of Accounting
Accounting Policies: This Schedule is prepared on the same basis of accounting same as the GRBH-ASO
financial statements. The GRBH-ASO uses the cash basis accounting. Revenues are
recognized when cash is received and expenditures are recognized when paid.
De Minimis Rate Used: N
Rate Explanation: The GRBH-ASO has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance. 100% of the Federal Awards are passed down to
a sub-recipient.
This Schedule is prepared on the same basis of accounting same as the GRBH-ASO
financial statements. The GRBH-ASO uses the cash basis accounting. Revenues are
recognized when cash is received and expenditures are recognized when paid.
Title: Note 2 – Federal De Minimis Indirect Cost Rate
Accounting Policies: This Schedule is prepared on the same basis of accounting same as the GRBH-ASO
financial statements. The GRBH-ASO uses the cash basis accounting. Revenues are
recognized when cash is received and expenditures are recognized when paid.
De Minimis Rate Used: N
Rate Explanation: The GRBH-ASO has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance. 100% of the Federal Awards are passed down to
a sub-recipient.
The GRBH-ASO has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance. 100% of the Federal Awards are passed down to
a sub-recipient.
Title: Note 3 – Program Costs
Accounting Policies: This Schedule is prepared on the same basis of accounting same as the GRBH-ASO
financial statements. The GRBH-ASO uses the cash basis accounting. Revenues are
recognized when cash is received and expenditures are recognized when paid.
De Minimis Rate Used: N
Rate Explanation: The GRBH-ASO has not elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance. 100% of the Federal Awards are passed down to
a sub-recipient.
The amounts shown as current year expenditures represent only the federal grant
portion of the program costs. Entire program costs are more than shown. Such
expenditures are recognized following, as applicable, either the cost principles in the
OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or
the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200,
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for
Federal Awards, wherein certain types of expenditures are not allowable or are limited
as to reimbursement.