Notes to SEFA
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Bay Area Women's Center under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Bay Area Women's Center, it is not intended to and does not present the financial position or changes in net position of Bay Area Women's Center.
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. Negative amounts (if any) shown on the Schedule represent adjustments or credit made in the normal course of business to amounts reported as expenditures.
De Minimis Rate Used: Y
Rate Explanation: The Bay Area Women's Center has elected to use the 10 percent de minimus indirect cost rate to recover costs as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Bay Area Women's Center under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Bay Area Women's Center, it is not intended to and does not present the financial position or changes in net position of Bay Area Women's Center. The Bay Area Women's Center has elected to use the 10 percent de minimus indirect cost rate to recover costs as allowed under the Uniform Guidance. The Bay Area Women's Center does not have any subrecipients.
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. Negative amounts (if any) shown on the Schedule represent adjustments or credit made in the normal course of business to amounts reported as expenditures.
Title: RECONCILIATION OF REVENUE REPORTED IN THE FINANCIAL STATEMENTS
Accounting Policies: The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Bay Area Women's Center under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected portion of the operations of Bay Area Women's Center, it is not intended to and does not present the financial position or changes in net position of Bay Area Women's Center.
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. Negative amounts (if any) shown on the Schedule represent adjustments or credit made in the normal course of business to amounts reported as expenditures.
De Minimis Rate Used: Y
Rate Explanation: The Bay Area Women's Center has elected to use the 10 percent de minimus indirect cost rate to recover costs as allowed under the Uniform Guidance.
TOTAL FEDERAL EXPENDITURES PER SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS: $829,555 ADD: State funded portion of DVCS E20230753-00 $14,739; State funded portion of DVCSM E20231395-00 $13,722; State funded portion of SANE E20230197-00 $47,821; State funded portion of DVCS E20243164-00 $8,059; State funded portion of DVCSM E20243237-00 $1,816; State funded portion of SACS E20244507-00 $7,307; State funded portion of TSH E20242951-00 $12,106; December 2022 federal adjustments per January 2023 FSR's $16,379. REVENUES PER FINANCIAL STATEMENTS - FEDERAL SOURCES $951,504.