Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: Note 2: Expenditures on the Schedule are reported on the accrual basis of accounting and 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.
De Minimis Rate Used: N
Rate Explanation: Note 4: Indirect Cost
Bethany Home Inc. and Related Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (“Schedule”) includes the federal award activity of Bethany Home Inc. and Related Organization. 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 (the “Uniform Guidance”). Because the schedule presents only a selected portion of the operations of Bethany Home Inc. and Related Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Bethany Home Inc. and Related Organization.
Title: Note 3: Community Facilities Loans and Grants
Accounting Policies: Note 2: Expenditures on the Schedule are reported on the accrual basis of accounting and 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.
De Minimis Rate Used: N
Rate Explanation: Note 4: Indirect Cost
Bethany Home Inc. and Related Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Bethany Home Inc. and Related Organization has Community Facilities direct loans from the United States Department of Agriculture. The direct loan outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Bethany Home Inc. and Related Organization received no additional payments during the year. The balance of the direct loan outstanding at September 30, 2024, was $22,220,419.
Title: Note 5: Subrecipients
Accounting Policies: Note 2: Expenditures on the Schedule are reported on the accrual basis of accounting and 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.
De Minimis Rate Used: N
Rate Explanation: Note 4: Indirect Cost
Bethany Home Inc. and Related Organization has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Bethany Home Inc. and Related Organization passed no federal awards through to subrecipients.