Notes to SEFA
Title: NOTE 1 - BASIS OF PRESENTATION
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: See Notes
The Schedule of Expenditures of Federal Awards includes the federal grant activity of Bay Area
Environmental Research Institute and is presented on the accrual basis. The information in this
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). The amounts reported in the accompanying Schedule of Expenditures of
Federal Awards agree, in all material respects, to amounts reported within Bay Area Environmental
Research Institute’s financial statements.
Title: NOTE 2 - FEDERAL ASSISTANCE LISTING NUMBERS
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: See Notes
The Federal assistance listing number included in the accompanying Schedule of Expenditures of
Federal Awards was determined based on the program name, review of the award contract, and
the Office of Management and Budget’s Federal assistance listing numbers.
Title: NOTE 3 - INDIRECT COSTS
Accounting Policies: See Notes
De Minimis Rate Used: N
Rate Explanation: See Notes
Bay Area Environmental Research Institute elected not to use the 10% de minimis cost rate as
covered in the Uniform Guidance Part 200.414 Indirect (F&A) Costs.