Notes to SEFA
Accounting Policies: 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 show on the Schedule represent adjustments or credits made in the normal course of business to amounts reportes as expenditures in prior years.
De Minimis Rate Used: N
Rate Explanation: BFHS has elected to not use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.