Notes to SEFA
Title: NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Basis of presentation – The schedules of expenditures of federal and state awards (the schedules) are prepared on the accrual basis of accounting. The information in these schedules is presented 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 (Uniform Guidance) and Texas Grant Management Standards. Federal and state expenses include allowable expenses funded by federal and state grants. Allowable costs are subject to the cost principles of the Uniform Guidance, and the Texas Grant Management Standards, and include both costs that are capitalized and costs that are recognized as expenses in BakerRipley’s financial statements in conformity with generally accepted accounting principles. BakerRipley does not use the 10% deminimis rate for indirect costs. Indirect costs are reported utilizing BakerRipley’s approved indirect cost rate from the Department of Health and Human Services. Because the schedules present only a selected portion of the operations of BakerRipley, they are not intended to and do not present the financial position, changes in net assets, or cash flows of BakerRipley.
De Minimis Rate Used: N
Rate Explanation: BakerRipley does not use the 10% deminimis rate for indirect costs.
Basis of presentation – The schedules of expenditures of federal and state awards (the schedules) are prepared on the accrual basis of accounting. The information in these schedules is presented 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 (Uniform Guidance) and Texas Grant Management Standards. Federal and state expenses include allowable expenses funded by federal and state grants. Allowable costs are subject to the cost principles of the Uniform Guidance, and the Texas Grant Management Standards, and include both costs that are capitalized and costs that are recognized as expenses in BakerRipley’s financial statements in conformity with generally accepted accounting principles. BakerRipley does not use the 10% deminimis rate for indirect costs. Indirect costs are reported utilizing BakerRipley’s approved indirect cost rate from the Department of Health and Human Services. Because the schedules present only a selected portion of the operations of BakerRipley, they are not intended to and do not present the financial position, changes in net assets, or cash flows of BakerRipley.
Title: NOTE 2 – HOUSTON-GALVESTON AREA COUNCIL
Accounting Policies: Basis of presentation – The schedules of expenditures of federal and state awards (the schedules) are prepared on the accrual basis of accounting. The information in these schedules is presented 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 (Uniform Guidance) and Texas Grant Management Standards. Federal and state expenses include allowable expenses funded by federal and state grants. Allowable costs are subject to the cost principles of the Uniform Guidance, and the Texas Grant Management Standards, and include both costs that are capitalized and costs that are recognized as expenses in BakerRipley’s financial statements in conformity with generally accepted accounting principles. BakerRipley does not use the 10% deminimis rate for indirect costs. Indirect costs are reported utilizing BakerRipley’s approved indirect cost rate from the Department of Health and Human Services. Because the schedules present only a selected portion of the operations of BakerRipley, they are not intended to and do not present the financial position, changes in net assets, or cash flows of BakerRipley.
De Minimis Rate Used: N
Rate Explanation: BakerRipley does not use the 10% deminimis rate for indirect costs.
The source of funding for certain contracts that are passed through to BakerRipley from the Houston-Galveston Area Council cannot be separated to specifically identify the individual funding sources because of commingled assistance from different levels of government. These funds are from multiple federal agencies and the State of Texas. BakerRipley has reported total expenditures from these commingled funds on the Schedule of Expenditures of Federal Awards.
Title: NOTE 3 – WORKFORCE SOLUTIONS CAPITAL AREA BOARD OF DIRECTORS
Accounting Policies: Basis of presentation – The schedules of expenditures of federal and state awards (the schedules) are prepared on the accrual basis of accounting. The information in these schedules is presented 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 (Uniform Guidance) and Texas Grant Management Standards. Federal and state expenses include allowable expenses funded by federal and state grants. Allowable costs are subject to the cost principles of the Uniform Guidance, and the Texas Grant Management Standards, and include both costs that are capitalized and costs that are recognized as expenses in BakerRipley’s financial statements in conformity with generally accepted accounting principles. BakerRipley does not use the 10% deminimis rate for indirect costs. Indirect costs are reported utilizing BakerRipley’s approved indirect cost rate from the Department of Health and Human Services. Because the schedules present only a selected portion of the operations of BakerRipley, they are not intended to and do not present the financial position, changes in net assets, or cash flows of BakerRipley.
De Minimis Rate Used: N
Rate Explanation: BakerRipley does not use the 10% deminimis rate for indirect costs.
The source of funding for certain contracts that are passed through to BakerRipley from the Capital Area Board of Directors cannot be separated to specifically identify the individual funding sources because of commingled assistance from different levels of government. These funds are from multiple federal agencies and the State of Texas. BakerRipley has reported total expenditures from these commingled funds on the Schedule of Expenditures of Federal Awards.