Notes to SEFA
Title: NOTE 1 BASIS OF PRESENTATION
Accounting Policies: See attached.
De Minimis Rate Used: N
Rate Explanation: Burlington United Methodist Family Services, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the
federal award activity of Burlington United Methodist Family Services, Inc. (the Organization)
under programs of the federal government for the year ended June 30, 2024. The information in
the 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 (Uniform Guidance). Because the Schedule presents only a
selected portion of the operations of the Organization, it is not intended to and does not present
the financial position, changes in financial position, or cash flows of the Organization.
Title: NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: See attached.
De Minimis Rate Used: N
Rate Explanation: Burlington United Methodist Family Services, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: NOTE 3 OVERSIGHT AGENCY
Accounting Policies: See attached.
De Minimis Rate Used: N
Rate Explanation: Burlington United Methodist Family Services, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The United States Department of Health and Human Services has been designated as the oversight audit agency for the Organization.
Title: NOTE 4 INDIRECT COST RATE
Accounting Policies: See attached.
De Minimis Rate Used: N
Rate Explanation: Burlington United Methodist Family Services, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Burlington United Methodist Family Services, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: NOTE 5 DONATED PERSONAL PROTECTIVE EQUIPMENT
Accounting Policies: See attached.
De Minimis Rate Used: N
Rate Explanation: Burlington United Methodist Family Services, Inc. has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization did not receive any donated Personal Protective Equipment (PPE), in
response to its needs as a result of the COVID-19 pandemic.