Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bellefaire uses an indirect cost rate of 17.8%. This rate was granted to Bellefaire by the Department of Health and Human Services on May 16, 2011, effective for periods after July 1, 2011.
The accompanying consolidated schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Bellefaire Jewish Children’s Bureau and Subsidiaries (Bellefaire) under programs of the federal government for the year ended June 30, 2024. 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 operations of Bellefaire, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Bellefaire.
Title: Subrecipient Activity
Accounting Policies: Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bellefaire uses an indirect cost rate of 17.8%. This rate was granted to Bellefaire by the Department of Health and Human Services on May 16, 2011, effective for periods after July 1, 2011.
During the year ended June 30, 2024, Bellefaire has included in the Schedule $152,600 in amounts disbursed to subrecipients which is detailed as follows: See the Notes to the SEFA for Chart/table.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bellefaire uses an indirect cost rate of 17.8%. This rate was granted to Bellefaire by the Department of Health and Human Services on May 16, 2011, effective for periods after July 1, 2011.
Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Indirect Cost Rate
Accounting Policies: Expenditures on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Bellefaire uses an indirect cost rate of 17.8%. This rate was granted to Bellefaire by the Department of Health and Human Services on May 16, 2011, effective for periods after July 1, 2011.
Bellefaire has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.