Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Bethany Home Association of Lindsborg, Kansas (the Organization) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the applicable 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). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the financial statements. The Organization has not elected to use the 15% de minimis indirect cost rate, as allowed under the Uniform Guidance.
The threshold of Type A and Type B programs was $1,000,000 for the year ended December 31, 2025.
ALN Program Name 10.766 Community Facilities Loans and Grants
The loan outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule of Expenditures of Federal Awards. The U.S. Department of Agriculture loan has a balance of $7,517,144 at December 31, 2025 as noted on the financial statements.