Notes to SEFA
Basis of presentation – The schedules of expenditures of federal and state awards is prepared on the accrual basis of accounting. The information in these schedules is presented in accordance with the requirements of Title 2 U. S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and Texas Grant Management Standards. Federal and state expenditures include allowable costs funded by federal and state grants. Allowable costs are subject to the cost principles of the Uniform Guidance and the Texas Grant Management Standards and include both costs that are capitalized and costs that are recognized as expenses in BATP’s financial statements in conformity with generally accepted accounting principles. BATP does not use the 10% de minimus rate and does not have subrecipients. Because the schedule presents only a selected portion of the operations of BATP, it is not intended to and does not present the financial position, changes in net assets, or cash flows of BATP.