Notes to SEFA
Title: Note A – Basis of Presentation
Accounting Policies: Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable 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. No federal financial assistance has
been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not draw for indirect administrative expenses and has not elected to use the 10% de minimus
cost rate.
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity
of the B'nai B'rith Covenant House of Tucson, Arizona, Inc. (Project No. 123-EE002) (the Corporation) under
programs of the federal government for the year ended December 31, 2024. The information 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 Corporation, it is not intended to and does
not present the financial position, changes in net assets, or cash flows of the Corporation.
Title: Note B – Significant Accounting Policies
Accounting Policies: Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable 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. No federal financial assistance has
been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not draw for indirect administrative expenses and has not elected to use the 10% de minimus
cost rate.
Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable 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. No federal financial assistance has
been provided to a subrecipient.
Title: Note C – Indirect Cost Rate
Accounting Policies: Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable 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. No federal financial assistance has
been provided to a subrecipient.
De Minimis Rate Used: N
Rate Explanation: The Corporation does not draw for indirect administrative expenses and has not elected to use the 10% de minimus
cost rate.
The Corporation does not draw for indirect administrative expenses and has not elected to use the 10% de minimus
cost rate.