Notes to SEFA
Title: Note 1: Basis of Presentation
Accounting Policies: Note 1: Basis of Presentation - The accompanying schedule of expenditures of federal and State awards (SEFSA) includes the federal and State grant activity of Barium Springs Home for Children under the programs of the Federal and State government for the year ended September 30, 2024. The information in this SEFSA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the Schedule presents only a selected portion of the operations of Barium Springs Note 2: Summary of Significant Accounting Policies - Expenditures reported in the SEFSA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Barium Springs Home for Children has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Barium Springs Home for Children has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal and State awards (SEFSA) includes the federal and State grant activity of Barium Springs Home for Children under the programs of the Federal and State government for the year ended September 30, 2024. The information in this SEFSA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the Schedule presents only a selected portion of the operations of Barium Springs Home for Children, it is not intended to and does not present the financial position, changes in net position, or cash flows of Barium Springs Home for Children.
Title: Note 2: Summary of Significant Accounting Policies
Accounting Policies: Note 1: Basis of Presentation - The accompanying schedule of expenditures of federal and State awards (SEFSA) includes the federal and State grant activity of Barium Springs Home for Children under the programs of the Federal and State government for the year ended September 30, 2024. The information in this SEFSA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the Schedule presents only a selected portion of the operations of Barium Springs Note 2: Summary of Significant Accounting Policies - Expenditures reported in the SEFSA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Barium Springs Home for Children has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: Barium Springs Home for Children has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported in the SEFSA are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Barium Springs Home for Children has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.