Notes to SEFA
Title: NOTE 1: BASIS OF PRESENTATION
Accounting Policies: Accrual basis of accounting with expenditures recognized following the cost principles contained in the Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The organization has an approved rate of 28.36% of direct salaries per the U.S. Department of Health and Human Services
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Coastal Bend Center for Independent Living under programs of the federal government for the year ended December 31, 2023. The information in this Schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Un{form Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Coastal Bend Center for Independent Living, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Coastal Bend Center for Independent Living.
Title: NOTE 2: BASIS OF ACCOUNTING
Accounting Policies: Accrual basis of accounting with expenditures recognized following the cost principles contained in the Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The organization has an approved rate of 28.36% of direct salaries per the U.S. Department of Health and Human Services
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: NOTE 3: MAJOR PROGRAMS
Accounting Policies: Accrual basis of accounting with expenditures recognized following the cost principles contained in the Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The organization has an approved rate of 28.36% of direct salaries per the U.S. Department of Health and Human Services
Major programs are identified in the Summary of Auditor's Results section of the Schedule of Findings and Questioned Costs.
Title: NOTE 4: 10% DEMINIMIS / INDIRECT COST RATE
Accounting Policies: Accrual basis of accounting with expenditures recognized following the cost principles contained in the Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The organization has an approved rate of 28.36% of direct salaries per the U.S. Department of Health and Human Services
Coastal Bend Center for Independent Living has an approved Indirect Cost Rate of 28.36% of direct salaries approved by U.S. Department of Health and Human Services.
Title: NOTE 5: PASS THROUGH TO SUBRECIPIENTS
Accounting Policies: Accrual basis of accounting with expenditures recognized following the cost principles contained in the Uniform Guidance
De Minimis Rate Used: N
Rate Explanation: The organization has an approved rate of 28.36% of direct salaries per the U.S. Department of Health and Human Services
There are no awards passed through to subrecipients