Notes to SEFA
Title: 1. Basis of Accounting
Accounting Policies: 1.Basis of Accounting
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grantactivity of Baden Presbyterian Senior Housing, Inc. d/b/a Green Diamond Place (the Corporation) and isprepared using the accrual basis of accounting.
2.Relationship to Basic Financial Statements
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 andAudit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented inthe Schedule may differ from amounts presented in, or used in the preparation of, the basic financialstatements.
De Minimis Rate Used: N
Rate Explanation: 3.Indirect Costs
The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed underthe Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grantactivity of Baden Presbyterian Senior Housing, Inc. d/b/a Green Diamond Place (the Corporation) and isprepared using the accrual basis of accounting.
Title: 2. Relationship to Basic Financial Statements
Accounting Policies: 1.Basis of Accounting
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grantactivity of Baden Presbyterian Senior Housing, Inc. d/b/a Green Diamond Place (the Corporation) and isprepared using the accrual basis of accounting.
2.Relationship to Basic Financial Statements
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 andAudit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented inthe Schedule may differ from amounts presented in, or used in the preparation of, the basic financialstatements.
De Minimis Rate Used: N
Rate Explanation: 3.Indirect Costs
The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed underthe Uniform Guidance.
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 andAudit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented inthe Schedule may differ from amounts presented in, or used in the preparation of, the basic financialstatements.
Title: 3. Indirect Costs
Accounting Policies: 1.Basis of Accounting
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grantactivity of Baden Presbyterian Senior Housing, Inc. d/b/a Green Diamond Place (the Corporation) and isprepared using the accrual basis of accounting.
2.Relationship to Basic Financial Statements
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 andAudit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented inthe Schedule may differ from amounts presented in, or used in the preparation of, the basic financialstatements.
De Minimis Rate Used: N
Rate Explanation: 3.Indirect Costs
The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed underthe Uniform Guidance.
The Corporation has not elected to use the 10% de-minimis indirect cost rate as allowed underthe Uniform Guidance.