Notes to SEFA
Title: Subrecipients
Accounting Policies: 1. The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.2. Bethesda House has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.3. Grantor identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Bethesda House did not subcontract with other organizations using federal awards during 2022.
Title: Non-Cash Assistance
Accounting Policies: 1. The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.2. Bethesda House has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.3. Grantor identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Bethesda House did not receive or expend federal awards in the form of non-cash assistance during the year ended June 30, 2022.
Title: Federal Loans and Loan Guarantees
Accounting Policies: 1. The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.2. Bethesda House has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.3. Grantor identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
U.S. Department of Housing and Urban Development Contract # NY06B40-7001: Expenditure of $400,000 represents funds used for the acquisition, rehabilitation, or construction of property. These funds are subject to a 20 year lien expiring December 2030. The funds were expended in the fiscal year ended June 30, 2007. Bethesda House had no other federal loans or loan guarantees outstanding as of June 30, 2022.
Title: Insurance
Accounting Policies: 1. The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.2. Bethesda House has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.3. Grantor identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Bethesda House did not participate in any federal insurance programs for the year ended June 30, 2022.
Title: Matching Costs
Accounting Policies: 1. The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.2. Bethesda House has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.3. Grantor identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying Schedule of Expenditures of Federal Awards does not include matching costs.
Title: Audits by Other Auditors
Accounting Policies: 1. The accompanying Schedule of Expenditures of Federal Awards is presented using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and/or other cost principles applicable to not-for-profit organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.2. Bethesda House has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.3. Grantor identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
There were no audits by other auditors of Bethesda Houses federal award programs during the year ended June 30, 2022.