Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grants activity of Casa Barranquitas, Inc. under programs of the federal government for the year ended March 31, 2026. The information in the Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Casa Barranquitas, Inc., it is not intended to, and does not, present the financial position, changes in net assets or cash flows of Casa Barranquitas, Inc.
a. The Schedule is prepared from Casa Barranquitas Inc.’s accounting records and is not intended to present its financial position or the results of its operations. b. The financial transactions are recorded by Casa Barranquitas Inc. in accordance with the terms and conditions of the grants, which are consistent with accounting principles generally accepted in the United States of America. c. Expenditures are recognized in the accounting period in which the liability is incurred, if measurable or when actually paid, whichever occurs first. d. Expenditures are reported on the Schedule on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures may or may not be allowable or may be limited as to reimbursement. e. Casa Barranquitas Inc. has elected not to use the 15-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The Assistance Listing Numbers (ALN) included in the Schedule are determined based on the program name, review of grant contract information and the public descriptions of federal assistance listings published by the U.S. Government in sam.gov.
Major programs are identified in the Summary of Auditors’ Results Section in the Schedule of Findings and Questioned Cost. Federal programs are presented by federal agency.