Notes to SEFA
This Schedule is prepared on the same basis of accounting same as the GRBH-ASO financial statements. The GRBH-ASO uses the cash basis accounting. Revenues are recognized when cash is received and expenditures are recognized when paid.
The GRBH-ASO has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. 100% of the Federal Awards are passed down to a sub-recipient.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs are more than shown. Such expenditures are recognized following, as applicable, either the cost principles in the OMB Circular A-87, Cost Principles for State, Local, and Indian Tribal Governments, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.