Notes to SEFA
Title: Note A - Basis of Presentation
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting in accordance with
accounting principles generally accepted in the United States of America (GAAP). Such expenditures are
recognized following the cost principles contained in 2CFR Section 200.502 wherein certain types of expenditures
are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The Center does not have an indirect cost reimbursement rate and did not elect to use the de minimis indirect cost
rate allowed under Uniform Guidance.
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes the federal and
state grant activity of Brighton Center under programs of the federal and state government for the year ended
August 31, 2024. The information in the schedule is presented in accordance with the requirements of the Title 2
U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles, and Audit
Requirements for Federal Awards (Uniform Guidance) and Texas Grant Management Standards (TxGMS).
Because the schedule presents only a selected portion of the operations of Brighton Center, it is not intended to,
and does not, present the financial position, changes in net assets, or cash flows of Brighton Center. Therefore,
some amounts presented in this schedule may differ from amount presented in, or used in the preparation of, the
basic financial statements.
All of Brighton Center’s federal and state awards were in the form of cash assistance. Brighton Center had no
federal funded insurance programs or loan guarantees during the year ended August 31, 2024.
Title: Note B - Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting in accordance with
accounting principles generally accepted in the United States of America (GAAP). Such expenditures are
recognized following the cost principles contained in 2CFR Section 200.502 wherein certain types of expenditures
are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The Center does not have an indirect cost reimbursement rate and did not elect to use the de minimis indirect cost
rate allowed under Uniform Guidance.
Expenditures reported on the schedule are reported on the accrual basis of accounting in accordance with
accounting principles generally accepted in the United States of America (GAAP). Such expenditures are
recognized following the cost principles contained in 2CFR Section 200.502 wherein certain types of expenditures
are not allowable or are limited as to reimbursement.
Title: Note C - Indirect Cost Rate
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting in accordance with
accounting principles generally accepted in the United States of America (GAAP). Such expenditures are
recognized following the cost principles contained in 2CFR Section 200.502 wherein certain types of expenditures
are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The Center does not have an indirect cost reimbursement rate and did not elect to use the de minimis indirect cost
rate allowed under Uniform Guidance.
The Center does not have an indirect cost reimbursement rate and did not elect to use the de minimis indirect cost
rate allowed under Uniform Guidance.
Title: Note D - Reconciliation to Audited Financial Statements
Accounting Policies: Expenditures reported on the schedule are reported on the accrual basis of accounting in accordance with
accounting principles generally accepted in the United States of America (GAAP). Such expenditures are
recognized following the cost principles contained in 2CFR Section 200.502 wherein certain types of expenditures
are not allowable or are limited as to reimbursement
De Minimis Rate Used: N
Rate Explanation: The Center does not have an indirect cost reimbursement rate and did not elect to use the de minimis indirect cost
rate allowed under Uniform Guidance.
See the Notes to the SEFA for chart/table