Notes to SEFA
Title: GENERAL
Accounting Policies: SEFA has been prepared in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The Organization does not allocate indirect costs to federal programs, and as such, did not elect
to apply the 10% de minimis rate permitted by the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) has been
prepared in accordance with accounting principles generally accepted in the United States of
America. Amounts included in the Schedule are actual expenditures for the year ended
December 31, 2022. The accompanying Schedule presents the activity of all federal award
programs of Lutheran Social Services of Upstate New York, Inc. A/K/A Lutheran Home and
Rehabilitation Center (the Organization). The information in this schedule is presented in
accordance with the requirements of Title 2 U.S. Code of Federal Regulations 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
Organization’s operations, it is not intended to and does not present the financial position,
change in net assets, or cash flows of the Organization.
Title: BASIS OF ACCOUNTING
Accounting Policies: SEFA has been prepared in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The Organization does not allocate indirect costs to federal programs, and as such, did not elect
to apply the 10% de minimis rate permitted by the Uniform Guidance.
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.
Title: INDIRECT COSTS
Accounting Policies: SEFA has been prepared in accordance with accounting principles generally accepted in the United States of America.
De Minimis Rate Used: N
Rate Explanation: The Organization does not allocate indirect costs to federal programs, and as such, did not elect
to apply the 10% de minimis rate permitted by the Uniform Guidance.
The Organization does not allocate indirect costs to federal programs, and as such, did not elect
to apply the 10% de minimis rate permitted by the Uniform Guidance.