Notes to SEFA
Title: Note A: Basis of Presentation
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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Bauer Family Resources, Inc. has elected to not use the 10% de minimis indirect cost rate allowed under Uniform Guidance. The Department of Health and Human Services allowed a provisional 25.1% indirect cost rate for 2023.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Bauer Family Resources, Inc. under programs of the federal government for the year December 31, 2023. 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 Schedue presents only a selected portion of the operations of Bauer Family Resources, Inc., It is not intended to and does not present the financial position, changes in net assets, or cash flows of Bauer Family Resource, Inc.
Title: Note B: Summary of Significant Accounting Policies
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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Bauer Family Resources, Inc. has elected to not use the 10% de minimis indirect cost rate allowed under Uniform Guidance. The Department of Health and Human Services allowed a provisional 25.1% indirect cost rate for 2023.
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. Bauer Family Resources, Inc. has elected to not use the 10% de minimis indirect cost rate allowed under Uniform Guidance. The Department of Health and Human Services allowed a provisional 25.1% indirect cost rate for 2023. Pass-through entity identifying numbers are presented where available.
Title: Note C: Passed Through to Subrecipients
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. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Bauer Family Resources, Inc. has elected to not use the 10% de minimis indirect cost rate allowed under Uniform Guidance. The Department of Health and Human Services allowed a provisional 25.1% indirect cost rate for 2023.
Bauer Family Resources, Inc. had no awards that were passed through to subrecipients.