Notes to SEFA
Title: Note A - Basis of Presentation
Accounting Policies: Expenditures reported on the Schedules 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. Easter Seal Rehabilitation Center, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Cost rate used is established between the State and the entity.
The accompanying Schedules of Expenditures of Federal and State Awards (the Schedules) include the federal and state award activity of Easter Seal Rehabilitation Center, Inc. (a nonprofit organization) and is presented on the accrual basis of accounting. The information in these schedules are 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) and State of Texas Single Audit Circular. Because the Schedules present only a selected portion of the operations of Easter Seal Rehabilitation Center, Inc., they are not intended to and do not present the financial position, changes in net assets, or cash flows of Easter Seal Rehabilitation Center, Inc.
Title: Note B - Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedules 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. Easter Seal Rehabilitation Center, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Cost rate used is established between the State and the entity.
Expenditures reported on the Schedules 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. Easter Seal Rehabilitation Center, Inc. has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.