Notes to SEFA
Title: Note 1 - General Information
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The Organization elected to allocate estimated actual indirect costs.
The accompanying schedule of expenditures of federal, state and city awards presents activities in all federal, state and city award programs of Bethanna and Affiliates. All financial assistance received directly from federal agencies, as well as financial assistance passed through other governmental agencies or not-for-profit organizations, is included on the schedule.
Title: Note 2 - Basis of Accounting
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The Organization elected to allocate estimated actual indirect costs.
The accompanying schedule of expenditures of federal, state and city awards is presented using the accrual basis of accounting. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to funding agencies because those reports may be submitted on either a cash or modified cash basis of accounting.
Title: Note 3 - Relationship to Basic Consolidated Financial Statements
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The Organization elected to allocate estimated actual indirect costs.
Federal, state and city award expenditures are reported on the consolidated statement of functional expenditures as program costs. However, expenditures in the schedule of expenditures of federal, state and city awards for certain programs which have incurred deficits have been limited to the related contracted amount. In addition, for certain programs, the expenditures reported in the basic consolidated financial statements may differ from the expenditures reported in the schedule of expenditures of federal, state and city awards due to program expenditures exceeding grant or contract budget limitations which are not included as federal, state and city financial assistance.
Title: Nore 4 - Indirect Cost Rate
Accounting Policies: Accrual basis of accounting
De Minimis Rate Used: N
Rate Explanation: The Organization elected to allocate estimated actual indirect costs.
The Organization did not elect to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.