Notes to SEFA
Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: The schedule of expenditures of federal and nonfederal awards includes contract activity of the Organization and is presented on the accrual basis of accounting, which is the same basis of accounting used in the preparation of the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The schedule of expenditures of federal and nonfederal awards includes contract activity of Beit T'Shuvah and is presented on the accrual basis of accounting, which is the same basis of accounting used in the preparation of the financial statementss.
The information in this schedule is presented in accordance with the requirements of the Uniform Guidance and agrees with the amounts in the financial statements.
Title: NOTE 2 INDIRECT COST RATE
Accounting Policies: The schedule of expenditures of federal and nonfederal awards includes contract activity of the Organization and is presented on the accrual basis of accounting, which is the same basis of accounting used in the preparation of the financial statements.
De Minimis Rate Used: Y
Rate Explanation: The Organization has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.