Notes to SEFA
Title: Basis of Presentation
Accounting Policies: The significant accounting policies used in preparing the SEFA follow the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Not applicable
The amount provided to the Subrecipient is summarized as follows:
Federal Grantor/Pass-through Grantor/Program
Federal
Assistance
Listing
Number
Contract or
Program
Number Subrecipient Amount
US Department of Housing and Urban
Development
Pass-through: City and County of San Francisco
Housing Opportunities for Persons With AIDS 14.241 CAH20F003 Baker Places, Inc. $1,416,096
HIV Emergency Relief Formula Grant 93.917 1000010913 Baker Places, Inc. 278,088
$1,694,184
23
Title: Summary of Significant Accounting Policies
Accounting Policies: The significant accounting policies used in preparing the SEFA follow the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Basis of Accounting - 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Indirect costs - Baker Places has elected not to use the 10 percent de minimis indirect cost rate as
allowed under the Uniform Guidance. Indirect costs are charged to the federal award programs as
specified in the grant agreements.
Title: Subrecipients
Accounting Policies: The significant accounting policies used in preparing the SEFA follow the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: Not applicable
Baker Places did not provide any federal awards to subrecipients for the fiscal year ended June 30, 2023.