Notes to SEFA
Title: NOTE 1 - BASIS OF ACCOUNTING
Accounting Policies: This schedule is presented on the accrual basis of accounting in accordance with generally accepted accounting principles.
De Minimis Rate Used: N
Rate Explanation: Beulah Academy of Science, Inc. neither has an indirect cost agreement nor uses the 10% de minimis indirect cost rate.
This schedule is presented on the accrual basis of accounting in accordance with generally accepted accounting principles.
Title: NOTE 2 - INDIRECT COST RATE
Accounting Policies: This schedule is presented on the accrual basis of accounting in accordance with generally accepted accounting principles.
De Minimis Rate Used: N
Rate Explanation: Beulah Academy of Science, Inc. neither has an indirect cost agreement nor uses the 10% de minimis indirect cost rate.
Beulah Academy of Science, Inc. neither has an indirect cost agreement nor uses the 10% de minimis indirect cost rate.
Title: NOTE 3 - LOAN GUARANTEE PROGRAM
Accounting Policies: This schedule is presented on the accrual basis of accounting in accordance with generally accepted accounting principles.
De Minimis Rate Used: N
Rate Explanation: Beulah Academy of Science, Inc. neither has an indirect cost agreement nor uses the 10% de minimis indirect cost rate.
The entity received a loan guarantee from the United States Department from Agriculture under Assistance Listing Number 10.766, Community Facilities Loans and Grants. The following provides additional information on the loan guarantee balance: See the Notes to the SEFA for chart/table