Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal, state and county awards (the “Schedule”) presents the activities in all the federal, state and county awards programs of BARC Developmental Services, Inc. (“BARC”). All financial awards received directly from federal, state and county agencies, as well as financial awards passed through other governmental agencies, with the exception of payments made by the Commonwealth of Pennsylvania, Department of Human Services, Office of Developmental Programs for residential services and transportation services, are presented on the schedule of expenditures of federal, state and county awards.
This information has been prepared in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (“CFR”) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”), and the Pennsylvania Department of Public Welfare Single Audit Supplement.
Because the Schedule presents only a selected portion of the operations of BARC, it is not intended to and does not present the financial position, changes in net assets or cash flows of BARC.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Auditee used agreed upon rates in contract and grant agreements.