Notes to SEFA
Title: BASIS OF ACCOUNTING
Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the accrual basis of accounting. Accordingly, revenues are recognized when earned and expenditures are recorded when incurred.
De Minimis Rate Used: N
Rate Explanation: Brandywine Counseling & Community Services, Inc. did not use the federal de minimis indirect cost rate of 10 percent on their federal grants for the year ended September 30, 2024. Brandywine Counseling & Community Services, Inc.’s indirect cost rate for the year ended September 30, 2024 was 21.5 percent as approved by the United States Department of Health and Human Services.
All expenditures included in the schedule of expenditures of federal awards are presented on the accrual basis of accounting. Accordingly, revenues are recognized when earned and expenditures are recorded when incurred.
Title: INDIRECT COST RATE
Accounting Policies: All expenditures included in the schedule of expenditures of federal awards are presented on the accrual basis of accounting. Accordingly, revenues are recognized when earned and expenditures are recorded when incurred.
De Minimis Rate Used: N
Rate Explanation: Brandywine Counseling & Community Services, Inc. did not use the federal de minimis indirect cost rate of 10 percent on their federal grants for the year ended September 30, 2024. Brandywine Counseling & Community Services, Inc.’s indirect cost rate for the year ended September 30, 2024 was 21.5 percent as approved by the United States Department of Health and Human Services.
Brandywine Counseling & Community Services, Inc. did not use the federal de minimis indirect cost rate of 10 percent on their federal grants for the year ended September 30, 2024. Brandywine Counseling & Community Services, Inc.’s indirect cost rate for the year ended September 30, 2024 was 21.5 percent as approved by the United States Department of Health and Human Services.